The answer to the question of who owns Yum China is not simple. Despite its prominence in the global restaurant world, its ownership does not belong to a Chinese company. The US-based Yum Brands is a giant in the global restaurant industry, with a footprint in more than 110 countries and territories, operating more than 35,000 restaurants and one million employees, and with well-known brands such as KFC and Pizza Hut dominating their respective sectors. 2007 turnover of US$10 billion demonstrated its formidable business prowess.

In 2016, Yum Brands entered into an agreement with Spring Capital and Anthem *** to invest $460 million in Yum China, a move that signaled its strategic realignment in the Chinese market. It's worth noting that despite being based in the US, Yum has excelled in its cross-border operations, with the share of earnings from its overseas operations rising from 20 percent a decade ago to 50 percent now, showing its influence and strategic placement in the global restaurant market.

Overall, Yum's attributed identity remains that of a U.S. company, despite its notable presence in China. It plays an important role in the global restaurant group landscape, but the ownership attribution points to the United States. References can be found on Baidu's Yum Brands page for more information.