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Radar · Food Service Chains in China

Best Food Service Chains Companies in China

The 88 best Food Service Chains companies in China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: HEYTEA.

88companies tracked
$1.8Bdisclosed funding
2unicorns
24have raised

China's Food Service Chains sector is the focus here, with 88 companies tracked and ranked by disclosed equity funding and recent momentum. Total disclosed funding sits at $1.8 billion across those 88 names, anchored by two unicorns and a handful of outsized earners. Heytea leads at $578M raised, Luckin Coffee follows at $550M, and Yum China isn't far behind at $460M. That's a tight cluster at the top, and you can see immediately how concentrated the capital is. The global food service market was valued at roughly $3,500B in 2023 and is projected to reach $5,870B by 2033, a 7.0% CAGR according to Mordor Intelligence, with rising disposable incomes and busier, more mobile lifestyles as the core demand drivers.

So what's moving right now? App install data gives you a real-time pulse: median install growth across 665 food and foodtech apps is running at roughly +19% year-on-year, which tells me consumer digital engagement with food brands is genuinely accelerating, not plateauing. Coverage in this directory is expanding too, with hot themes clustering around food hub operations and foodservice equipment vendors. Investors are tracking this closely, with Capital Today, IDG Capital, and Harvest Capital among the most active backers in the space. The funding gap between the top three and everyone else is steep, but that's often where the most interesting early-stage bets are hiding.

Sources & further reading
  • Future Market Insights
FLIAR INTELLIGENCE · FOOD SERVICE CHAINS × CHINA

Our analysis of 50 Food Service Chains companies

$8.5b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
90%cloud-native stacks
2025funding peak (by rounds)
1unicorns
2010median founding year

Ranked: Best Food Service Chains companies in China

#CompanyDisclosed fundingLast roundStageEmployeesFoundedFounderPatents & IP focusRecent signals
1101 Cooking Studio
Operator of retail stores that offer cooking courses for beginners.
——Acquired362015———
2akasakatei
Akasakatei Japanese restaurant chain with strong brands and 40 direct stores.
——Private8002008———
3Burger King China
Chain of limited service restaurant serving burger
——Acquired—2005Atakan Bozkurt
CEO
——
4Cafe de Coral
Chain of restaurants offering Asian food
——Public19,5551968Peter Shing
CEO & Executive Director
—2 awards
5Cafe Deco Group
Restaurant group known for consistent dining experiences
——Unfunded962011———
6CFB Group
Operator of a chain of ice cream and pizza restaurants across China.
——Private8,0002003———
7Chamate Company
Owns and operates a chain of restaurants in China
——Deadpooled—2001Shengzhi Lin
CEO
——
8chengdu hongqi chain
Chengdu Hongqi Chain operates convenience stores chain.
——Public15,5372000———

Top 12 Food Service Chains companies in China

#1
Series A · China
$2.7Mraised
▾

Restaurant chain serving sweets and beverages

Fliar Intelligence Index™ 13how this company ranks against its industry peers
Funding
bottom 40%
Global
bottom 25%
Funding: Raised $2.7M · 1 rounds over 3 yrs (0.3/yr) · Last round round (Nov 2023)
Global: Single-market focus (China)
#2
Series C · Shanghai, Shanghai · founded 2003 · 4000 employees
$74.1Mraised
▾

Provider of event catering services

Fliar Intelligence Index™ 65how this company ranks against its industry peers
Market
top 26%
Funding
top 36%
Global
bottom 29%
Market: 4,000 employees (top 7% of Food and Agriculture)
Funding: Raised $74.1M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Series C (Nov 2022)
Global: Single-market focus (China)
Funding rounds
  • Nov 2022Series C$27.9M
  • Aug 2021Series C$46.3M
Investors
China Everbright, Jinbang Capital, Tianwei Food
#3
Acquired · Xiamen, Fujian · founded 2017 · 992 employees
$550Mraised
▾

Lukin Coffee owns and operates coffee retail stores. The company offers a combination of e-commerce platform and brick and mortar stores. After placing orders online, customers can choose to either pick them up in nearby stores or have them delivered within 30 minutes which will only be possible if there is a sufficient number of stores in the region. The company is based in Guangdong, China.

Fliar Intelligence Index™ 78how this company ranks against its industry peers
Funding
top 28%
Growth
top 29%
Market
top 32%
News
top 33%
Tech
top 34%
Moat
top 37%
Funding: Raised $550M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Post IPO (Mar 2021)
Growth: App-install growth +117% YoY · 3 acquisition/expansion moves in 24 mo
Market: 992 employees (top 13% of Food and Agriculture) · Top-1,000,000 web property · Unicorn (valued $2.2B)
Funding rounds
  • Mar 2021Post IPO$460M
  • Jan 2020Post IPO$865M
  • Aug 2019Post IPO—
  • Apr 2019Series B$150M
Founders & team
Lu ZhengyaoCo-Founder & ChairmanJenny ZhiyaCo-Founder & CEO
Investors
Centurium Capital, Joy Capital, CICC, GIC, BlackRock, Point72
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAkamai
#4
HEYTEA 🦄
Series C · Shenzhen, Guangdong Province · founded 2012
$578.4Mraised
▾

Hi Tea owns and operates a chain of tea shops. The company offers cheese topped tea, fruit tea, manche cheese tea, almond coffee, cocoa milk tea, tea milk cover, sun moon lake lemon black tea, milk cap imperial tea, and tiramisu milk tea. It also offers green tea cake, strawberry pudding, and gong gong. The company is based in Bejing, China.

Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 31%
Market
top 42%
Moat
top 47%
Talent
bottom 49%
Tech
bottom 44%
Global
bottom 36%
Funding: Raised $578M across 3 rounds · 3 rounds over 10 yrs (0.3/yr) · Last round Series C (Jun 2021)
Market: Top-1,000,000 web property · Unicorn (valued $1.3B)
Moat: Editorial + unicorn rating 1/10 · Unicorn · 8 curated direct competitors tracked
Funding rounds
  • Jun 2021Series C$500M
  • Mar 2020Series C—
  • Jul 2019Series B—
  • May 2018Series B—
Founders & team
Nie YunchenFounder
Investors
Tencent, HongShan, Hillhouse, Coatue, BA Capital, IDG Capital
Tech stack
KongNginxOpen GraphReactReact RouterSentry
#5
Deadpooled · Shanghai, Shanghai · founded 2016 · 1000 employees
$21Mraised
▾

QR-based payment solutions for merchants and businesses. It enables businesses to collect online payments from customers. Customers can scan The Qr code and make payments from their linked wallets or cards. It also provides solutions for account and sales management.

Fliar Intelligence Index™ 53how this company ranks against its industry peers
Market
top 35%
Funding
top 47%
Global
bottom 36%
Market: 1,000 employees (top 13% of Food and Agriculture)
Funding: Raised $21.0M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) · Last round Series B (Dec 2021)
Global: Investors from 1 country beyond China
Funding rounds
  • Dec 2021Series B$21M
Investors
Ruipeng Capital, Yolo Investments
#6
Public · Shanghai, Shanghai · founded 1987 · 450000 employees
$460Mraised
▾

Yum China was a part of Yum Group until November 1, 2016. It spun off to be listed on NYSE under the ticker YUMC. It claims to be present in over 1,100 cities and towns and runs more than 7,300 restaurants. Also, it claims to have more than 40 million employees. It currently runs KFC in the Chinese market as an exclusive operator and has the right to operate three brands Pizza Hut and Taco Bell, and the wholly-owned East Dawning and Little Sheep restaurant chain. In 2022, the company recorded annual revenues of $9.56B and a net profit of $0.44B.

Fliar Intelligence Index™ 69how this company ranks against its industry peers
Fin. health
top 25%
Partners
top 25%
Market
top 27%
Funding
top 30%
News
top 32%
Product
top 35%
Fin. health: Revenue ~$11.8B (FY2016) · Net margin 9.4% · Revenue +4% YoY
Partners: 1 partnership announcement in 12 mo (3 in 24 mo) · Marquee-customer mentions: top 9% of tracked companies
Market: 450,000 employees (top 1% of Food and Agriculture) · Revenue ~$11.8B · Top-5,000,000 web property
Audience (LinkedIn): 14k LinkedIn followers — 61.9% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
  • Sep 2016PE$460M
Founders & team
Joey WatCEO
Investors
Primavera, Ant Group, Boston York Restaurant Group, IFM Investors, E Fund, US Asset Management
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAkamai
#7
Deadpooled · Shanghai, Shanghai · founded 2010 · 200 employees
$59Mraised
▾

Provider of collegiate athletic department services. This entity manages and promotes all aspects of a university's athletic programs. Services encompass team management, scheduling, ticketing, marketing, fundraising, and alumni relations. It also includes facilities management, media relations, and compliance with governing bodies' regulations. The organization supports student-athlete development through academic advising, sports medicine, and strength and conditioning programs. It facilitates engagement with fans and sponsors through various digital and in-person channels.

Funding rounds
  • Aug 2014Series D$25M
  • Nov 2012Series C$11.5M
  • Oct 2011Series B$20M
  • Sep 2010Venture Debt—
Founders & team
Chris TayCo-Founder
Investors
LionRock Capital, Ignition Capital, Qiming Venture Partners, Mitsui Global Investment, Hotung Investment Holdings, Maybank
#8
Deadpooled · Hefei, Anhui · founded 2003 · 17535 employees
$29.1Mraised
▾

Anhui Laoxiang Chicken Catering owns and operates a chain of restaurants. Its menu offerings include chicken, pork, eggs, dumplings, seafood, fish, soups, noodles, burger etc. The company claims to operate 600 stores all across China.

Funding rounds
  • 2018Series A$29.1M
Investors
Harvest Capital
#9
Deadpooled · Shanghai, Shanghai · founded 2005
$40Mraised
▾

Barbera's Kitchen is a chain of restaurants serving casual Italian cuisine. They have more than 150 stores spread across Shanghai and Beijing. Unitas Capital invested $40M in the chain in 2012.

Funding rounds
  • Feb 2012PE$40M
Founders & team
Stella ZhongCEO
#10
Seed · Shanghai, Shanghai · founded 2015
$1.5Mraised
▾

Chains providing pancake and breakfast menu items for in-house dining. The establishment offers a variety of pancake flavors, including buttermilk, strawberry, and pecan. The menu includes a selection of breakfast items. The restaurant operates on a first-come, first-served basis.

Funding rounds
  • Oct 2020Seed$1.5M
Founders & team
Cui ManyiFounder
Investors
Beijing Chihuo Continental Network Technology
#11
Seed · Kunming, Yunnan · founded 2017
$1.4Mraised
▾

Internet first caterer offering catering services for consumers and offices. The company offers catering services for birthday parties, weddings, holiday parties, corporate dinners, corporate parties, school events, and more. The company offers food products like salads, pizzas, bread, soups, pasta, noodles, beverages, etc.

Funding rounds
  • Jul 2020Seed$1.4M
Founders & team
Li WenyangFounder
Investors
Beijing Chihuo Continental Network Technology
#12
Series A · Shanghai, Shanghai · founded 1998
$12.7Mraised
▾

Chinese food restaurants

Funding rounds
  • Mar 2010Series A$12.7M
Founders & team
Ye XimingFounder
Investors
Capital Today

Funding & investor landscape

$1.8Btotal disclosed funding
12companies funded
21disclosed rounds
0rounds last 90 days
Most active investors
Beijing Chihuo Continental Network Technology2 rounds
Capital Today2 rounds
Harvest Capital2 rounds
IDG Capital2 rounds
Jinbang Capital2 rounds
Meituan2 rounds
Orchid Asia Group2 rounds
SIG China2 rounds
Sequoia Capital China2 rounds
5Y Capital1 rounds

Notable founders

Lu Zhengyao
Co-Founder & Chairman · Luckin Coffee
Jenny Zhiya
Co-Founder & CEO · Luckin Coffee
Nie Yunchen
Founder · HEYTEA
Joey Wat
CEO · Yum China
Chris Tay
Co-Founder · YPX Cayman Holdings
Stella Zhong
CEO · Babela's Kitchen
Cui Manyi
Founder · Mr. Pancake
Li Wenyang
Founder · Kunming Wallman Food & Beverage Management
Ye Ximing
Founder · Shanghai Bifengtang Delicious Food
Zhang Wei
Founder · Jingqiang Diao
Wu Binbin
Founder · Bestar Coffee
Li Shangshang
Founder · Komori Rihe
Prism market signals · China · country-scoped Prism corpus, 137,675 docs

Market landscape — 10 sub-themes by coverage

Share of Food Service Chains coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · China

How research on Food Technology is moving in China

A read on the academic research around Food Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 3,976 China-affiliated papers.

research sentiment over time
201120192026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 30% → 50% across 2011–2026.
top research entities
  • Jiangnan University167
  • China Agricultural University142
  • State Key Laboratory of Food Science and Technology136
  • Chinese Academy of Agricultural Sciences125
  • Ministry of Agriculture and Rural Affairs125
leading researchers
Min Zhang · Da‐Wen Sun · Linhai Wu · Xin Zhang · Hongbin Pu · David Julian McClements · Wei Wang · Yang Liu
▲ Breakthroughs437 · 11%
▲ 8%→11% share
▲1.4× share momentum0 median citations97% since 2021mostly methods-led
Food safety detection research is surging — detection-limit papers rose from 1 to 59, with fluorescence emerging as a new sub-topic at 25 papers.
rising sub-themes (early→recent)
  • Food safety3→110
  • Detection limit1→59
  • Food packaging1→26
  • Food spoilage1→24
  • Food science1→21
Newly emergingShelf life 0→36 · Fluorescence 0→25 · Contamination 0→19
Landmark A Review on 3D Printing for Customized Food Fabrication · 391 cites
◆ Advancements1,621 · 41%
▲ 25%→41% share
▲1.6× share momentum0 median citations95% since 2021mostly empirical
Food processing and shelf-life research is intensifying — papers grew from 3→228 and 2→153 respectively, with postharvest and flavor newly emerging.
rising sub-themes (early→recent)
  • Food safety8→343
  • Food processing3→228
  • Shelf life2→153
  • Food science7→132
  • Food industry2→123
Newly emergingFood packaging 0→95 · Postharvest 0→87 · Flavor 0→77
Landmark The current application of nanotechnology in food and agriculture · 923 cites
▼ Concerns1,055 · 27%
▼ 48%→26% share
▼0.5× share momentum0 median citations92% since 2021mostly reviews
Concern-segment field-share dropped 48%→26% despite Food safety papers rising 15→310, signaling risk topics are being outpaced by solution-oriented research.
rising sub-themes (early→recent)
  • Food safety15→310
  • Food processing9→156
  • Food security12→147
  • Agriculture13→136
  • Production (economics)5→89
Newly emergingFood products 0→61 · Human health 0→51 · Product (mathematics) 0→43
Landmark Heavy metals in food crops: Health risks, fate, mechanisms, and management · 1,877 cites
RESEARCH HOTSPOTS · China

Where food tech is researched across China

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Beijing400 · +0.19
Hot · Food securityAdvancing · RecipeOpportunity · Human healthConcern · Willingness to pay
Shanghai227 · +0.25
Hot · Food safetyAdvancing · Food preservationOpportunity · Biochemical engineeringConcern · Gene
Nanjing219 · +0.27
Hot · Production (economics)Advancing · Food packagingOpportunity · AgricultureConcern · Livelihood
Guangzhou/Shenzhen192 · +0.22
Hot · Biochemical engineeringAdvancing · FluorescenceOpportunity · Meat packing industryConcern · Pollution
Hangzhou134 · +0.23
Hot · Food safetyAdvancing · OdorOpportunity · Food securityConcern · Food supply
Wuhan87 · +0.29
Hot · Public opinionAdvancing · Shelf lifeOpportunity · Food processingConcern · Food industry
Harbin55 · +0.27
Hot · StarchAdvancing · Food industryOpportunity · Food processingConcern · Food products
Hefei43 · +0.30
Hot · Food spoilageAdvancing · Shelf lifeOpportunity · Food processing
PATENT SIGNAL · China

Who's filing food tech patents in China

China food tech patent filing is accelerating — 143 filings from 224 assignees (2016–2025), led by Guangdong Midea Consumer Electri, Qiulei HU, Midea Group; annual filings 8→14.

143 filings224 assigneespeak 19/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • Guangdong Midea Consumer Electri13
  • Qiulei HU12
  • Midea Group10
  • Whirlpool10
  • SO KWOK KUEN8
  • Gushwa David J7
  • Hefei Midea Refrigerator6
  • Kingclean Electric Green TECH Su6

Common questions

How many Food Service Chains companies are there in China?
Radar tracks 88 indexable Food Service Chains companies headquartered in China that meet our profile-completeness bar.
What is the total funding raised by Food Service Chains companies in China?
The Food Service Chains companies in China on this list have raised a combined $1.8B in disclosed equity funding across 12 funded companies.
Which is the highest-funded Food Service Chains company in China?
HEYTEA is the highest-funded Food Service Chains company in China, with $578.4M in disclosed equity funding.
How many Food Service Chains companies in China are funded?
12 of the 88 Food Service Chains companies in China on this list have disclosed at least one equity funding round.
How many Food Service Chains unicorns are there in China?
2 Food Service Chains companies in China on this list are valued at $1B or more.
Who are the top investors in China Food Service Chains companies?
The most active investors in China Food Service Chains companies on this list include Beijing Chihuo Continental Network Technology, Capital Today, Harvest Capital, IDG Capital, Jinbang Capital.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

Coming soon