Yum China Holdings, Inc. or “Yum China” (NYSE: YUMC) has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020. Yum China has been recognized among the top 10 most innovative companies in China, and is one of only a few restaurant holding companies in the world to be included. The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world.
The recognition illustrates the Company’s focus on food and digital innovation. According to Fast Company, Yum China was praised “aggressively makes technological enhancements to the customer experience, and new menu items are the secret herbs and spices for its business.”
“We are honored by this prestigious recognition from Fast Company. It is a validation of our long-term vision, which is to be the world’s most innovative pioneer in the restaurant industry,” said Joey Wat, CEO of Yum China. “This award is made possible by the ongoing efforts of our employees who live and breathe our vision every single day. By harnessing the world’s largest restaurant loyalty membership program, a powerful digital ecosystem, and industry leading data and AI capabilities, we are constantly innovating to better serve our customers and achieve sustainable growth.”
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.