From roadside stand to a global franchise: The rise of Mixue
WEBJul 25, 2023 · In the summer of 1997, Zhang Hongchao, armed with a meager capital of RMB 3,000 (USD 460), embarked on a journey that would lead to the creation of Mixue Bingcheng, a global chain of fresh ice cream and tea stores.Zhang Hongchao, together with his younger brother Zhang Hongfu, evolved from running a roadside ice stall in Zhengzhou, a city of 10 million people, to commanding a business empire ...
The top Chinese short-video apps in 2020 vying to grab your
WEBApr 1, 2020 · By number of MAU, the nine Chinese short-video apps are Douyin (550 million), Kuaishou (490 million), Xigua Video (270 million), Douyin Huoshan (170 million), Weishi (120 million), according to data provider Questmobile. Other popular apps, according to different data and sources, are Haokan (69 million as of June 2019 ), …
With over 36,000 stores worldwide, Mixue Bingcheng is ... - KrASIA
WEBFeb 5, 2024 · As a global made-to-order beverage company, Mixue Bingcheng focuses on offering a high-quality and affordable range of made-to-order fruit drinks, teas, ice creams, and coffees, each priced at approximately RMB 6 (USD 0.8) per serving. As of September 30, 2023, the company operates over 36,000 stores in 11 countries.
China goes big on green hydrogen using renewable energy surplus
WEBMar 19, 2024 · The IEA has estimated that China had 1.2 gigawatts in installed capacity at the end of 2023—already half of the global total. Growth has been rapid, with the share rising from less than 10% in 2020 and 30% in 2022. Green hydrogen-related industries are booming in China as a promising way to make effective use of electricity from renewable ...
Meet BBK, the world’s largest phone maker that you’ve ... - KrASIA
WEBMar 4, 2021 · By viewing Oppo, Vivo, and Realme as part of the same group, BBK is the world’s largest smartphone maker, with a 19% market share in 2020, per recent data by Counterpoint Research. The three brands sold 262.7 million units in 2020, outperforming bigwigs such as Samsung and Huawei.
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
WEBFeb 14, 2024 · 2023 marked a year of rapid growth for McDonald’s. On February 5, the globally renowned fast food chain announced its financial results for Q4 and the entirety of last year. For the fiscal year 2023, McDonald’s total revenue reached USD 25.49 billion, a 10% increase from the previous year, with net profits soaring by 37% to USD 8.468 billion.
KrASIA | Spotlighting Asia’s next wave of innovations
WEBKrASIA reports the most promising trends and businesses across the tech and startup ecosystems in the Asia Pacific. Uncover the next wave of innovations with us.
Tencent’s Q2 profit surges despite economic headwinds - KrASIA
WEBAug 21, 2024 · Chinese tech giant Tencent reported its second-quarter earnings on August 14, with the gross profit among the standout figures. Tencent’s gross profit for the latest quarter reached RMB 85.9 billion (USD 12.02 billion), reflecting a 21% YOY increase. This achievement pushed the gross profit margin to 53.3%, the highest it’s been in seven years.
‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
WEBMar 24, 2022 · In 2010, after a string of meetings with Pony Ma, co-founder and CEO of gaming giant Tencent, Li secured the exclusive publishing rights of global hit title, League of Legends, in Southeast Asia.Not long after, Tencent also handed over to Garena the publishing rights for three other popular games in the region, namely Honor of Kings, Crossfire, and WeFire.
The top six Chinese coffee companies in 2020 bringing caffeine
WEBApr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.