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HONG KONG — Yum Brands, the company behind KFC, Taco Bell and Pizza Hut, is planning to add another name to its list of restaurant chains: Little Sheep, which operates hundreds of colorful hot pot restaurants throughout China.
Based in Louisville, Ky., Yum has been betting on China’s giant population and rising affluence levels since 1987, when it first introduced the KFC brand in China. Last year alone, it opened more than 500 restaurants in mainland China and now generates more than one-third of its annual revenue in the country.
On Friday, Yum stepped up its expansion drive with a bid for Little Sheep, which is based in the Inner Mongolian city of Baotou.
