In early 1988, Bank of China took a 25 percent stake in the venture, and KFC's original stake was diluted to 51 percent. The operation was a joint venture, with a 60 percent stake held by KFC, 27 percent by the Beijing Tourist Bureau and 13 percent by Beijing Food Production. It was China's first introduction to franchising and grew rapidly. KFC became the first Western fast food company in China after its first outlet opened in Qianmen, Beijing, in November 1987. KFC drive through restaurant in Qingdao History Īccording to research by Millward Brown, KFC was the most powerful foreign brand in China in 2013. ![]() As of September 2021, KFC has over 8,100 outlets over 1,600 cities across China. KFC restaurants in China are owned or franchised by Yum China, a restaurant company that also owns the Pizza Hut and Taco Bell chains in China and was spun off from Yum! Brands in 2016. KFC was sold to Heublein in the 1970s and later sold to PepsiCo then spun off, along with other fast food chains owned by the company, to become Yum! Brands in 1997. ![]() KFC specializes in selling fried chicken. Kentucky Fried Chicken ( Chinese: 肯德基 pinyin: Kěndéjī) is a fast food restaurant chain founded by Colonel Harland Sanders in Salt Lake City, Utah, in 1952.
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