The development of simple and effective strategies to prepare electrocatalysts, which possess unique and stable structures comprised of metal/nonmetallic atoms for oxygen reduction reaction (ORR) and oxygen evolution reaction (OER), is currently an urgent issue. Herein, an efficient bifunctional electrocatalyst featured by ultralong N, S-doped carbon nano-hollow-sphere chains about 1300 nm with encapsulated Co nanoparticles (Co-CNHSCs) is developed. The multifunctional catalytic properties of Co together with the heteroatom-induced charge redistribution (i.e., modulating the electronic structure of the active site) result in superior catalytic activities toward OER and ORR in alkaline media. The optimized catalyst Co-CNHSC-3 displays an outstanding electrocatalytic ability for ORR and OER, a high specific capacity of 1023.6 mAh g Zn −1, and excellent reversibility after 80 h at 10 mA cm −2 in a Zn-air battery system. This work presents a new strategy for the design and synthesis of efficient multifunctional carbon-based catalysts for energy storage and conversion devices.