The Chinese beverage giant Mixue Group has become the world's largest F and B chain by number of outlets, overtaking ...

More broadly, by December, Chinese F&B brands had opened over 6,100 outlets in Southeast Asia, Singapore-headquartered ...

State attorneys general have a higher profile than in years past, thanks to lawsuits against the federal government and ...

Starbucks (SBUX) has always been a draw for investors, with the company long embodying the global brand recognition and agility needed to ...

Mixue Bingcheng, a bubble tea and ice cream chain from China, has officially dethroned McDonald’s and Starbucks to become the ...

According to Mixue, it currently has more than 45,000 stores across the globe with plans to continue expanding. This jaw-dropping figure means the business has now surpassed McDonald’s as the world’s ...

Two decades ago, a modest restaurant in the middle of one of China’s poorest provinces saw its business take off after selling cut-price soft serve for just 1 yuan (15 cents) per cone. Today, it has ...

Shares of Mixue Group, China’s largest bubble tea chain controlled by billionaire brothers Zhang Hongchao and Hongfu, jumped ...

It already has the world’s largest navy, but new satellite imagery shows that China is developing a huge nuclear-powered aircraft carrier that would rival the biggest vessel in the American ...

Starbucks reported its revenue in China, its second-largest market after the U.S., rose by an anemic 1% to $743.6 million year-over-year in the final three months of last year. Its same-store ...

Starbucks is caught in the middle of a price war in China. The coffee giant's same-store sales in China declined 8% in fiscal 2024. But just a decade ago, sentiment around expansion in China ...

Historically, China is a tea drinking nation. Experts largely credit Starbucks for introducing out-of-home coffee as a concept to the country when it opened its first store in 1999. "China was ...