The relationship between KFC and Yum is the relationship between parent company and subsidiary company.

Delicious! China is the parent company of KFC Yum! A subsidiary of Brands, which is responsible for operating and authorizing KFC, Pizza Hut and Taco Bell in Chinese mainland. Delicious! China was spun off and listed on NYSE on 20 16, and listed on HKEx for the second time in 2020. As the core pillar of Yum! China, KFC and Pizza Hut have extensive popularity and influence in China market. Delicious! China is one of the largest catering groups in China, with a revenue of over 60 billion yuan in 2022.