How Mixue surpassed McDonald's and Starbucks in locations with unique model
- Mixue, a Chinese company, has over 45,000 locations worldwide, surpassing McDonald's and Starbucks, according to a report by the Wall Street Journal.
- The company reported approximately $2.6 billion in revenue for the first nine months of 2024, a 21% increase compared to the previous year, leading to a net profit of $479 million.
- Mixue's initial public offering saw shares rise by 43% on debut, with the offering being 5,200 times oversubscribed.
- The chain's business model primarily involves franchising, with 99% of its locations being franchises.
13 Articles
13 Articles
How a Chinese company beat Starbucks, McDonald’s to become world’s largest fast-food chain
Often seen as China’s largest chain for iced drinks, milk tea, and ice cream, Mixue has overtaken McDonald’s and Starbucks to become the world’s largest food and beverage chain by store count. As of last September, it had over 45,000 outlets across China and 11 other countries, including Thailand, Singapore, and Australia. In comparison, McDonald’s has more than 43,000 restaurants in over 100 countries, while Starbucks operates around 40,000 sto…
Bubble Tea Chain Mixue Leads Hong Kong IPO Revival
The biggest restaurant chain in the world just completed a splashy IPO — and you’ve likely never heard of it. That’d be Mixue, a bubble tea-coffee-ice cream chain founded in Zhengzhou, China, which has more locations than any other restaurant chain on earth. On Monday, shares of the company popped as much as 43% after debuting in Hong Kong, marking Mixue as a headliner in what looks to be a major revival year for IPOs for the stock exchange. Spi…
Never heard of Mixue? The bubble tea chain has more locations than McDonald's
Think McDonald’s and Starbucks are the world’s biggest food and beverage chains in terms of locations? Think again. Mixue Ice Cream and Tea, China's largest bubble tea and drinks chain famous for its snow king mascot and low prices, boasts more outlets than both U.S. brands.
How Mixue surpassed McDonald's and Starbucks in locations with unique model
Mixue, a Chinese company with stores across Asia and Australia, now has the most locations of any fast-food-and-beverage chain in the world, according to a Wall Street Journal report with data compiled from research firm Technomic. Mixue reportedly had 45,000 stores at the end of 2024, more than doubling its locations from three years ago. Valued at more than $10 billion, the fast-food joint offers ice cream and drinks on the cheap at prices und…
World’s biggest fast food chain larger than McDonald's is known for 65p drinks
MCDONALD’S has lost its title as the world’s biggest fast food chain after a little known company soared to the top as shoppers feel the pinch. In just three years, China‘s Mixue Ice Cream and Tea more than doubled its locations, now having more than Starbucks and McDonald’s. SplashMixue Ice Cream & Tea has become the world’s biggest fast-food chain[/caption] SplashThe chain has over 45,000 locations, mainly in China, but also in Australia and o…
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