SHANGHAI, Oct. 16, 2020 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China",
NYSE: YUMC and HKEX: 9987) today announced it has been named 2020
IDC China Digital Transformer in recognition of its leadership in
advancing digitalization in the restaurant industry. In addition to
winning the top prize at the 2020 IDC China Digital Transformation
(DX) Awards, Yum China was also
named Omni-Experience Innovator and Digital Trailblazer in the
retail industry. Leila Zhang, Chief
Technology Officer (CTO) of Yum
China, received the DX Leader award for her role in driving
the digital transformation process.
"We are honored to have won multiple IDC Digital Transformation
Awards, which are a testament to Yum
China's achievements in digital innovation over the years.
We are not only leveraging digital innovation to enrich customer
experience from online to offline, but also to drive end-to-end
digitalization. This way, our operations become more agile and
better integrated with the supply chain, helping to improve
efficiency and capture market opportunities," said Joey Wat, CEO of Yum
China. "Going forward, we will further strengthen our core
competitiveness through digitalization and create an even more
resilient business model that empowers long-term growth."
The IDC DX Awards honor the achievements of organizations that
have successfully digitalized one or multiple areas of their
business through the application of digital and disruptive
technologies. In particular, the Digital Transformer Award
celebrates companies that have demonstrated success in projects
that create synergy between business and IT management disciplines,
and that have delivered digitally enabled products and services
over a sustained period.
Yum China was chosen by IDC for
its achievements in utilizing AI-based technology to support its
business growth. Through the integration of data and AI,
Yum China is able to provide a more
personalized experience through recommendation-based marketing and
increase its operational efficiency across the board. As a result,
Yum China fuels the digital
transformation of the entire value chain and has become an industry
leader in multi-faceted digital experience from serving customers
to empowering employees.
"We are grateful to IDC for this recognition. If the purpose of
digitalization is to improve customer experience and increase
productivity, then AI is the key to finding the perfect combination
between people and technology," said Leila
Zhang, CTO of Yum China.
"These awards recognize Yum China's
achievements in adopting AI and demonstrating how restaurant
companies can benefit from digitalization."
As a digital leader in China's restaurant industry, Yum China began its digital transformation
journey as early as 2015. Since then, Yum
China has built out a powerful digital ecosystem to offer a
fully-digitized experience for customers. In 2018 the Company
started building its own AI platform in cooperation with one of
China's leading AI technology and services providers. To date,
Yum China has implemented AI across
multiple business scenarios such as smart marketing, smart supply
chain, smart restaurants and smart customer service, making its
restaurants more efficient and customer-focused.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements generally can be identified by the fact that they do not
relate strictly to historical or current facts and by the use of
forward-looking words such as "expect," "expectation," "believe,"
"anticipate," "may," "could," "intend," "belief," "plan,"
"estimate," "target," "predict," "likely," "will," "should,"
"forecast," "outlook," "look forward to" or similar terminology.
These statements are based on current estimates and assumptions
made by us in light of our experience and perception of historical
trends, current conditions and expected future developments, as
well as other factors that we believe are appropriate and
reasonable under the circumstances, but there can be no assurance
that such estimates and assumptions will prove to be correct.
Forward-looking statements include, without limitation, statements
regarding our future digital strategies, business plans and
investment plans. Forward-looking statements are not guaranteeing
of performance and are inherently subject to known and unknown
risks and uncertainties that are difficult to predict and could
cause our actual results to differ materially from those indicated
by those statements. We cannot assure you that any of our
expectations, estimates or assumptions will be achieved. The
forward-looking statements included in this press release are only
made as of the date of this press release, and we disclaim any
obligation to publicly update any forward-looking statement to
reflect subsequent events or circumstances, except as required by
law. All forward-looking statements should be evaluated with the
understanding of their inherent uncertainty. You should consult our
filings with the Securities and Exchange
Commission (including the information set forth under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations " in our Annual
Report on Form 10-K, our Quarterly Reports on Form 10-Q and other
reports we file with the SEC) for additional detail about factors
that could affect our financial and other results.
About IDC
International Data Corporation (IDC) is the premier global
provider of market intelligence, advisory services, and events for
the information technology, telecommunications, and consumer
technology markets. With more than 1,100 analysts worldwide, IDC
offers global, regional, and local expertise on technology and
industry opportunities and trends in over 110 countries. IDC's
analysis and insight helps IT professionals, business executives,
and the investment community to make fact-based technology
decisions and to achieve their key business objectives. Founded in
1964, IDC is a wholly-owned subsidiary of International Data Group
(IDG), the world's leading media, data and marketing services
company. To learn more about IDC, please visit www.idc.com.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in mainland China to KFC,
China's leading quick-service restaurant brand, Pizza Hut, the
leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving
innovative Mexican-inspired food. Yum
China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii &
JOY concepts outright. Yum China
also partners with Lavazza to explore and develop the Lavazza
coffee shop concept in China. The
Company had 9,954 restaurants in over 1,400 cities and towns at the
end of June 2020. Yum China ranked # 361 on the Fortune 500 list
for 2020. In 2020, Yum China was
named to the Bloomberg Gender-Equality Index and was certified as a
Top Employer 2020 in China by the
Top Employers Institute, both for the second consecutive year. For
more information, please visit http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.