Filipino fast food chain featuring Chickenjoy and Jolly Spaghetti
Western QSR giants are betting billions on emerging markets where rising middle classes and urbanization create massive growth runways.
March 19, 2026
McDonald's plans 50,000 locations by 2027, with a third of 9,000 new restaurants in China. Jollibee posted 22.7% international profit growth, crushing McDonald's 6.1%. Wingstop hit 3,000 locations and entered six new countries in 2025. The patient capital approach, menu localization strategies, franchise economics, and why domestic market saturation makes global expansion non-optional.
November 4, 2025
Jollibee operates 1,700+ stores across 18 countries, growing 8-10% annually while McDonald's grows at 2-3%. In the Philippines, Jollibee owns 50% of the QSR market while McDonald's sits at 15%. The fast food map is being redrawn.