KFC Rules the Roost in China

1 min read
Opinions expressed by Entrepreneur contributors are their own.

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

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.