Introduction
In 2025, the ghost kitchen industry in China has seen tremendous growth, with more and more companies entering the market to meet the increasing demand for food delivery services. Ghost kitchens, also known as virtual kitchens or cloud kitchens, are commercial facilities set up for the preparation of food for delivery only, without any physical dining space for customers. In this report, we will explore the top 10 ghost kitchen companies in China in 2025, highlighting their financial performance, market presence, and industry insights.
1. Panda Selected
Overview
Panda Selected is one of the leading ghost kitchen companies in China, specializing in a wide range of cuisine options for delivery. With a strong presence in major cities across the country, Panda Selected has captured a significant market share in the ghost kitchen industry.
Financial Data
In 2025, Panda Selected reported a revenue of $100 million, showcasing its robust growth and profitability in the competitive market. The company’s innovative menu offerings and efficient delivery services have contributed to its success.
Industry Insights
Panda Selected has leveraged technology to streamline its operations and enhance customer experience. By utilizing data analytics and AI-powered systems, the company has optimized its menu offerings and delivery routes, leading to increased customer satisfaction and loyalty.
2. Dianping Ghost Kitchen
Overview
Dianping Ghost Kitchen is another prominent player in the Chinese ghost kitchen industry, offering a diverse selection of food options for delivery. The company has established a strong reputation for its high-quality cuisine and efficient delivery services.
Financial Data
In 2025, Dianping Ghost Kitchen reported a revenue of $80 million, demonstrating its steady growth and market expansion. The company’s focus on customer satisfaction and operational efficiency has contributed to its financial success.
Industry Insights
Dianping Ghost Kitchen has implemented a data-driven approach to enhance its menu offerings and optimize its delivery processes. By analyzing customer preferences and delivery data, the company has been able to tailor its services to meet evolving market demands.
3. Meituan Dianping
Overview
Meituan Dianping is a leading e-commerce platform in China that has also ventured into the ghost kitchen business. With its vast network of restaurants and delivery services, Meituan Dianping has become a key player in the food delivery industry.
Financial Data
In 2025, Meituan Dianping’s ghost kitchen segment reported a revenue of $200 million, highlighting the company’s strong performance in the competitive market. The company’s integrated platform and diverse food options have attracted a large customer base.
Industry Insights
Meituan Dianping has leveraged its extensive data analytics capabilities to optimize its ghost kitchen operations. By analyzing customer behavior and market trends, the company has been able to offer personalized food options and efficient delivery services.
4. Ele.me
Overview
Ele.me is a popular food delivery platform in China that has expanded its services to include ghost kitchens. With a focus on quick delivery and a diverse menu selection, Ele.me has gained a strong foothold in the ghost kitchen market.
Financial Data
In 2025, Ele.me’s ghost kitchen segment reported a revenue of $150 million, showcasing the company’s significant growth and market presence. The platform’s user-friendly interface and efficient delivery network have contributed to its financial success.
Industry Insights
Ele.me has employed advanced technology to enhance its ghost kitchen operations, including AI-powered order management systems and data analytics tools. By optimizing its delivery routes and menu offerings, the company has been able to provide a seamless customer experience.
5. Haidilao Virtual Kitchen
Overview
Haidilao Virtual Kitchen is a well-known Chinese hotpot chain that has expanded into the ghost kitchen business. With its signature hotpot dishes and efficient delivery services, Haidilao Virtual Kitchen has gained popularity among customers.
Financial Data
In 2025, Haidilao Virtual Kitchen reported a revenue of $120 million from its ghost kitchen operations, highlighting the company’s success in diversifying its business model. The brand’s strong reputation and high-quality cuisine have contributed to its financial performance.
Industry Insights
Haidilao Virtual Kitchen has leveraged its brand recognition and loyal customer base to drive growth in the ghost kitchen market. By offering its popular hotpot dishes for delivery, the company has been able to attract a wide range of customers and expand its market reach.
6. Tencent Cloud Kitchen
Overview
Tencent Cloud Kitchen is a subsidiary of Tencent Holdings, one of the largest technology companies in China. With its advanced technology infrastructure and data analytics capabilities, Tencent Cloud Kitchen has become a key player in the ghost kitchen industry.
Financial Data
In 2025, Tencent Cloud Kitchen reported a revenue of $180 million, showcasing the company’s strong financial performance and market position. The company’s integration with Tencent’s e-commerce platforms and delivery services has contributed to its success.
Industry Insights
Tencent Cloud Kitchen has utilized Tencent’s vast data resources and AI technologies to optimize its ghost kitchen operations. By analyzing customer data and market trends, the company has been able to offer personalized food options and efficient delivery services to its customers.
7. Luckin Coffee Virtual Kitchen
Overview
Luckin Coffee Virtual Kitchen is a virtual kitchen concept launched by Luckin Coffee, a popular coffee chain in China. With its innovative menu offerings and efficient delivery services, Luckin Coffee Virtual Kitchen has gained traction in the ghost kitchen market.
Financial Data
In 2025, Luckin Coffee Virtual Kitchen reported a revenue of $90 million, highlighting the company’s success in diversifying its business model. The brand’s strong brand recognition and quality coffee products have contributed to its financial performance.
Industry Insights
Luckin Coffee Virtual Kitchen has leveraged its existing customer base and brand loyalty to drive growth in the ghost kitchen market. By offering its popular coffee products for delivery, the company has been able to attract a wide range of customers and expand its market reach.
8. Kuaishou Kitchen
Overview
Kuaishou Kitchen is a virtual kitchen platform launched by Kuaishou, a leading short video app in China. With its innovative food offerings and seamless delivery services, Kuaishou Kitchen has become a popular choice for customers seeking convenient dining options.
Financial Data
In 2025, Kuaishou Kitchen reported a revenue of $110 million, demonstrating the company’s strong financial performance in the competitive market. The platform’s integration with Kuaishou’s user base and social media platform has contributed to its success.
Industry Insights
Kuaishou Kitchen has leveraged its social media presence and user engagement to drive growth in the ghost kitchen market. By promoting its food offerings through Kuaishou’s platform, the company has been able to reach a large audience and attract new customers.
9. JD Cloud Kitchen
Overview
JD Cloud Kitchen is a virtual kitchen concept launched by JD.com, one of the largest e-commerce platforms in China. With its extensive network of restaurants and efficient delivery services, JD Cloud Kitchen has become a key player in the ghost kitchen industry.
Financial Data
In 2025, JD Cloud Kitchen reported a revenue of $160 million, showcasing the company’s strong financial performance and market presence. The platform’s integration with JD.com’s e-commerce ecosystem has contributed to its success.
Industry Insights
JD Cloud Kitchen has leveraged JD.com’s logistics capabilities and customer data to optimize its ghost kitchen operations. By analyzing customer behavior and market trends, the company has been able to offer personalized food options and seamless delivery services to its customers.
10. Yum China Virtual Kitchen
Overview
Yum China Virtual Kitchen is a virtual kitchen concept launched by Yum China, the operator of popular fast-food chains such as KFC and Pizza Hut in China. With its diverse menu options and efficient delivery services, Yum China Virtual Kitchen has become a popular choice for customers seeking quick and convenient dining options.
Financial Data
In 2025, Yum China Virtual Kitchen reported a revenue of $130 million, highlighting the company’s success in diversifying its business model. The brand’s strong brand recognition and quality fast-food products have contributed to its financial performance.
Industry Insights
Yum China Virtual Kitchen has leveraged its existing restaurant network and brand loyalty to drive growth in the ghost kitchen market. By offering its popular fast-food products for delivery, the company has been able to attract a wide range of customers and expand its market reach.
In conclusion, the ghost kitchen industry in China is experiencing rapid growth, with top companies like Panda Selected, Meituan Dianping, and Tencent Cloud Kitchen leading the way in innovation and customer satisfaction. As technology continues to evolve and consumer preferences shift, ghost kitchens are expected to play an increasingly important role in the food delivery ecosystem in China.
