KFC

Facial recognition nabs crooks at China beer fest

Beijing - Muslimchronicle

Criminals looking for a quiet pint suddenly found themselves collared when cops used facial recognition technology to catch thirsty crooks at a Chinese beer festival. Twenty-five wanted individuals were arrested when they tipped up to sample the offerings at the annual bash in Qingdao -- home to China's most famous brew. Those snared included one man who had been onRead more

China fast-food operator pilots face-recognition payments

Shanghai - Muslimchronicle

The operator of KFC in China is rolling out a futuristic system of paying at a fast-food counter via facial recognition, as the country embraces the technology for everything from toilet paper to travel. The "Smile to Pay" system will allow customers at a healthier spin-off of KFC in the eastern city of Hangzhou to keep their wallets in theirRead more

KFC, Starbucks lookalikes thrive among wealthy in US sanctions-hit Sudan

Khartoum - Arab Today

Almost 20 years of US sanctions on Sudan aren’t stopping Yasser Moustafa from tucking into fried chicken from a red and white-decorated restaurant with a logo of a mustachioed senior citizen. Stepping into Kafory Fried Chicken here in Sudan’s capital, the 43-year-old engineer could choose anything from a crispy-chicken sandwich and Coke at 30 Sudanese pounds ($5.22) to a 15-pieceRead more

Yum China earnings top estimates

New York - Arab Today

Yum China Holdings, the Asian fast-food company that was spun off from its US parent in October, topped earnings estimates in its inaugural quarterly results, helped by the growth of its KFC chain. The company posted profit of 17 cents a share, excluding some items, compared with an average estimate of 10 cents. Same-store sales growth at KFC helped bolsterRead more

KFC operator Yum China beats earning expectations

Beijing - AFP

Yum China, the operator of fast-food giants KFC, Pizza Hut and Taco Bell in the country, beat earnings expectations in its first report since spinning off from its US parent. The firm said operating profit for 2016 hit $640 billion in China, up 31 percent from 2015 when it was a unit of Yum Brands. The growth came as YumRead more

Yum China sells $460m stake to Primavera, Ant Financial

Shanghai - XINHUA

Yum Brands Friday said it has reached a deal to sell a 460 million U.S. dollar stake in its China business to private equity firm Primavera Capital and online and mobile financial service provider Ant Financial. The owner of KFC, Pizza Hut and Taco Bell said the deal and spin-off of its China business are expected to be completed onRead more