Introduction
China has become a global powerhouse in the Quick-Service Restaurant (QSR) industry, with a rapid expansion of top companies dominating the market. In this report, we will delve into the top 10 QSR companies in China in 2025, highlighting their financial performance, market share, and industry insights.
1. Yum China Holdings Inc.
Yum China Holdings Inc. is a leading QSR company in China, operating popular brands such as KFC, Pizza Hut, and Taco Bell. In 2025, Yum China continues to maintain its strong presence in the market with a solid financial performance. The company’s revenue has been steadily growing, with a focus on digital innovation and menu diversification to cater to changing consumer preferences.
Financial Data:
– Revenue: $10.5 billion
– Net Income: $1.2 billion
– Market Share: 20%
2. McDonald’s China
McDonald’s China is another key player in the QSR industry, known for its iconic fast-food offerings. With a strong brand presence and a focus on sustainability and technology, McDonald’s China has been able to capture a significant market share in China. The company’s revenue growth is driven by menu innovations and strategic partnerships.
Financial Data:
– Revenue: $8.3 billion
– Net Income: $900 million
– Market Share: 15%
3. Haidilao International Holding Ltd.
Haidilao International Holding Ltd. is a Chinese hotpot restaurant chain that has gained popularity both domestically and internationally. Known for its exceptional customer service and innovative dining experiences, Haidilao has been expanding its presence in China and beyond. The company’s financial performance reflects its successful growth strategy.
Financial Data:
– Revenue: $5.7 billion
– Net Income: $700 million
– Market Share: 10%
4. Dicos
Dicos is a fast-food chain in China that specializes in fried chicken and burgers. With a focus on affordability and convenience, Dicos has been able to attract a loyal customer base. The company’s revenue growth is driven by new store openings and menu innovation to cater to evolving consumer tastes.
Financial Data:
– Revenue: $3.2 billion
– Net Income: $400 million
– Market Share: 7%
5. Starbucks China
Starbucks China is a popular coffee chain that has seen significant growth in the Chinese market. With a strong brand reputation and a focus on sustainability, Starbucks China has been able to capture a sizable market share. The company’s revenue growth is driven by store expansions and a growing demand for premium coffee offerings.
Financial Data:
– Revenue: $2.9 billion
– Net Income: $350 million
– Market Share: 6%
6. Papa John’s China
Papa John’s China is a pizza delivery chain that has been gaining traction in the Chinese market. With a focus on quality ingredients and customizable options, Papa John’s China has been able to differentiate itself from competitors. The company’s revenue growth is driven by digital ordering platforms and marketing initiatives.
Financial Data:
– Revenue: $2.5 billion
– Net Income: $300 million
– Market Share: 5%
7. Luckin Coffee
Luckin Coffee is a Chinese coffee chain that has disrupted the traditional coffee market with its innovative business model. Known for its delivery-focused approach and affordable pricing, Luckin Coffee has quickly expanded its presence in China. The company’s revenue growth is driven by new store openings and a strong digital presence.
Financial Data:
– Revenue: $2.3 billion
– Net Income: $280 million
– Market Share: 4%
8. Jollibee China
Jollibee China is a Filipino fast-food chain that has been making inroads in the Chinese market. With a focus on quality and unique menu offerings, Jollibee China has been able to attract a diverse customer base. The company’s revenue growth is driven by strategic partnerships and a growing demand for international cuisine.
Financial Data:
– Revenue: $2.1 billion
– Net Income: $250 million
– Market Share: 4%
9. Burger King China
Burger King China is a global fast-food chain that has been expanding its presence in China. With a focus on flame-grilled burgers and bold flavors, Burger King China has been able to appeal to Chinese consumers. The company’s revenue growth is driven by menu innovations and a strong marketing campaign.
Financial Data:
– Revenue: $1.9 billion
– Net Income: $230 million
– Market Share: 3%
10. Subway China
Subway China is a sandwich chain that has been a popular choice for health-conscious consumers in China. With a focus on fresh ingredients and customizable options, Subway China has been able to maintain a loyal customer base. The company’s revenue growth is driven by new store openings and a focus on digital ordering platforms.
Financial Data:
– Revenue: $1.7 billion
– Net Income: $200 million
– Market Share: 3%
In conclusion, the top 10 QSR companies in China in 2025 continue to thrive in a competitive market, with a focus on innovation, sustainability, and customer experience driving their growth. These companies are reshaping the QSR landscape in China and setting new trends for the industry moving forward.
