South China Morning Post - Companies

Yum China, the operator of KFC and Pizza Hut in mainland China, will pay US$1.2 billion to acquire ownership of the Pizza Hut business in the market, deepening its separation from US restaurant giant Yum! Brands and gaining full control of the brand in China. The consideration will be paid entirely in cash, funded through a combination of existing cash reserves and debt financin...

A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records. Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and hi...

Domestic brands in China dominate segments from electric vehicles to electronic products to various everyday goods, but more shoppers are reaching for foreign competitors in specific categories including chocolate, infant formula, diapers and instant noodles. In chocolate, Japanese brand Meiji gained market share last year based on a reputation for high quality and Japanese craf...

Billionaire Li Shufu, owner and chairman of Geely Auto, China’s second-largest carmaker, plans to bring the Superbike World Championship (WSBK) to the country, banking on the success of a home-grown motorcycle brand in competition. The move marked Geely’s latest step to sharpen its image as an international marque with advanced technologies and new models, according to analysts....

Kaifeng Millennium City Park Inc., the operator of a theme park based on a famous Chinese painting dating back to the Northern Song dynasty, has submitted an initial public offering (IPO) application in Hong Kong, following similar moves by other mainland China non-tech plays recently. The company’s Millennium City Park in Kaifeng, Henan province, offers a physical, life-size re...