After 33 years, McDonald’s is finally accelerating its ... - KrASIA
Feb 14, 2024 · McDonald's wants to boost its presence in China from 6,000 to 10,000 stores by 2028, but faces competition from another global fast food chain with a broader footprint.
From roadside stand to a global franchise: The rise of Mixue
Jul 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 ...
With over 36,000 stores worldwide, Mixue Bingcheng is ... - KrASIA
Feb 5, 2024 · According to IPO Zaozhidao, Mixue Bingcheng submitted its prospectus to the Hong Kong Stock Exchange on January 2, 2024, with plans to list on the main board. Bank of America, Goldman Sachs, and UBS Group will serve as joint sponsors. 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 ...
Southeast Asian e-commerce: TikTok disrupts the market, Shopee …
Jan 24, 2024 · Despite having abundant funds, Lazada, due to frequent changes in its management team, allowed the later player Shopee to catch up. Starting in 2018, Lazada changed its CEO four times, leading to internal chaos.It wasn’t until January 2022, when Jiang Fan, the former president of Taobao Tmall Commerce Group, took charge of Alibaba’s international business, that Lazada was reorganized ...
Auntea Jenny becomes next Chinese tea brand to pursue Hong
Feb 20, 2024 · While Auntea Jenny has maintained a generally positive financial performance, it slightly trails behind other industry contenders. In 2021, 2022, and the initial nine months of 2023, Auntea Jenny reported operating incomes of RMB 1.64 billion (USD 227.8 million), RMB 2.199 billion (USD 305.5 million), and RMB 2.535 billion (USD 352.1 million), respectively, alongside corresponding net profits ...
The top six Chinese coffee companies in 2020 bringing caffeine
Apr 16, 2020 · Chinese coffee companies have an enormous market in their backyard, where consumption grew at a compounded rate of 15% for the past decade and was estimated to be worth RMB 100 billion (USD 14.2 billion) in 2018, according to Jingdata, the insights arm of local tech media outlet 36Kr.. Now, there are more than 330 million coffee-drinkers in China as of June 2019, roughly 24% of the country’s ...
KrASIA | Spotlighting Asia’s next wave of innovations
KrASIA 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.
Tokopedia and TikTok complete merger, cementing e-commerce …
Feb 2, 2024 · Tokopedia, the e-commerce subsidiary of Indonesian tech giant GoTo Group, has officially concluded its merger with TikTok, signifying the return of TikTok Shop to Indonesia.
Why has Nongfu Spring become a “public enemy” in China?
Apr 2, 2024 · Nongfu Spring has been having a rough time lately. A notice from a 7-Eleven convenience store in Changzhou, widely circulated, announced the discontinuation of all Nongfu Spring products: “Starting today, we will cease selling all Nongfu Spring products.
Temu expands into Thailand, takes cautious approach to ... - KrASIA
Aug 6, 2024 · Temu officially launched in Thailand on July 29, entering its third Southeast Asian market a year after expanding into Malaysia and the Philippines.