Yum China Holdings, Inc. (NYSE:YUMC)
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3 Months : From Nov 2017 to Feb 2018
SHANGHAI, Dec. 7, 2017 /PRNewswire/ -- Sherpa's, a premium food delivery platform specializing in English speaking services and a subsidiary of Yum China Holdings, Inc. ("Yum China") (NYSE: YUMC), announced that it is one of the star sponsors for the 16th AmCham Shanghai Annual Appreciation Dinner, hosted by the American Chamber of Commerce (AmCham) in Shanghai.
"Sherpa's has a proud history of serving the expat community in China and we are pleased to sponsor AmCham's Annual Appreciation Dinner," said Joey Wat, President and Chief Operating Officer of Yum China. "The number of high quality restaurants in China is expanding, and Sherpa's looks forward to continuing to deliver a diverse range of cuisines to customers in Beijing, Shanghai and Suzhou."
The 16th Annual Appreciation Dinner is one of AmCham Shanghai's premier events and serves as a platform for the U.S. business community to interact with external stakeholders.
Sherpa's was founded in 1999. Its phone operators are fluent in English and it delivers from hundreds of quality restaurants across Shanghai, Beijing, and Suzhou. In May 2017, Yum China acquired a controlling interest in the holding company of DAOJIA.com.cn, an established online food delivery service provider, which operates Sherpa's.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China's leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, which opened its first restaurant in China at the end of 2016. Yum China also owns the Little Sheep and East Dawning concepts outright. Yum China is well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers' daily lives, expanding geographic footprint in China and existing operational expertise. It has a strong capital position, no external debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China had more than 7,700 restaurants and more than 420,000 employees in over 1,100 cities at the end of August 2017. A new generation of younger consumers who are digitally sophisticated and brand driven are fueling growth in consumption in China. The ongoing growth of the middle class and urban population in China is expected to create the world's largest market for restaurant brands, with Yum China poised to be the market leader.
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SOURCE Yum China Holdings, Inc