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English Español China: Yum China to start opening restaurants at Sinopec, CNPC stations

Yum Brands owns Pizza Hut, KFC and Taco Bell in the country and is the largest fast-food operator in China with more than 8,400 outlets in over 1,200 cities.

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Yum China Holdings has announced agreements with Sinopec and China National Petroleum Corporation (CNPC) to open 100 restaurants at gas stations.

The three Chinese companies will collaborate on the development of franchise restaurants at Sinopec and CNPC gas stations across China, with a target of opening over 100 stores over the next three years.

The involvement of Sinopec and CNPC poses significant growth opportunities for Yum China as they collectively operate over 50,000 gas stations in the country.

“By combining our brands and know-how with their retail footprint, we expect these partnerships will enable us to expand our portfolio and reach a previously underserved segment of the market, while creating significant value for Sinopec and CNPC,” said Joey Wat, Yum China's Chief Executive Officer.

Yum China has also outlined significant growth ambitions for the coffee segment in the Chinese market, where it has a standalone coffee brand, Coffii & Joy.

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