Yum China Holdings operates and franchises a diversified portfolio of restaurant brands across China, primarily KFC and Pizza Hut alongside emerging concepts such as Lavazza, Huang Ji Huang, Little Sheep, and Taco Bell. The company generates revenue through a mix of company-operated store sales, franchise fees and income, transactions with franchisees for procurement and delivery services, and other revenue streams including e-commerce and logistics services. Yum China serves Chinese consumers across all economic tiers through multiple channels—traditional dine-in, delivery-focused operations, and various store formats—leveraging digital loyalty programs and a flexible distribution model of company-owned and franchised locations to compete in the China market under exclusive licensing agreements with Yum! Brands.