Yum! opens 300th KFC restaurant in Beijing
Updated: 2012-08-22 09:30
BEIJING -- Yum! Brands Inc has opened its 300th Kentucky Fried Chicken franchise in Beijing, 25 years after entering the Chinese mainland market, the company said Tuesday.
The new KFC drive-through restaurant is located in a furniture mall along the fourth ring road in southern Beijing, according to a representative from the Yum! Brands China Division.
The Louisville, Kentucky-based company, which owns both KFC and Pizza Hut, has over 3,800 KFC restaurants on the Chinese mainland.
The company's confidence in China's economic development has given it the impetus to open at least 400 new restaurants in the country annually, according to the representative.
The company opened its first KFC restaurant in 1987 in downtown Beijing, which acted as a starting point for its rapid expansion in China. The number of KFC franchise restaurants in Beijing exploded from 100 in 2003 to 200 and 300 in 2008 and 2012, respectively.