Yum China (NYSE: YUMC) and Starbucks (NASDAQ: SBUX) are both major players in China’s booming fast food sector.
Yum China, which was spun off from Yum Brands (NYSE: YUM) in late 2016, operates and franchises more than 10,000 restaurants in over 1,400 cities across China. Its two largest brands are KFC and Pizza Hut, while its other smaller banners include East Dawning, Little Sheep, Huang Ji Huang, COFFii & JOY, and Taco Bell.
Starbucks operates over 4,800 stores in China, making it the country’s second-largest coffee chain after Luckin Coffee (OTC: LKNC.Y). China is Starbucks’ second-largest market after the United States.