Ending Soon! Save 33% on All Access

KFC Rules the Roost in China <b></b>

Li Yang, China-Since becoming the first foreign fast-food chain to enter China in 1989, Dallas-based Tricon Global Restaurants Inc., parent company of KFC, Pizza Hut and Taco Bell, has built 490 KFC stores in 120 Chinese cities, nearly all company-owned, and is still expanding.

In 1993, Tricon allowed the establishment of the first Chinese KFC franchise in Xian. Chinese franchisees must have at least $1 million to invest in the license, have restaurant experience, are required to purchase an operating KFC restaurant and cannot operate in China's biggest cities, where company-owned restaurants dominate the turf.

In China, an Original Chicken meal costs nearly $3, the equivalent of six hours of work for the average person. Despite that bar, KFC's China operations claim the highest per-store sales in the world, 20 percent above the U.S. - Los Angeles Times

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.