# Cha Baidao

China’s Dining Boom Draws Top Capital — But Winners Will Be Small Stores with Tough Supply Chains

Top-tier capital is increasingly targeting China’s restaurant industry, shifting the investment focus from rapid outlet expansion to small, high-quality stores, resilient supply chains and digital brand-building. The move is professionalising operations and will likely prompt clearer regulation and greater transparency, but success will hinge on balancing freshness, cost and platform economics.