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 ...
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 ...
Molly Tea isn’t rushing into China’s tea wars—could that be the …
Oct 10, 2024 — For now, Molly Tea seems well-positioned to continue its cautious expansion, with Zhang eyeing both domestic and international growth. But as China’s tea market becomes increasingly saturated and the novelty of new-style tea wears off, the real challenge will be maintaining consumer interest.
Duan Yongping: From chopping firewood in the countryside to
Aug 17, 2022 — It’s no secret that billionaire and entrepreneur Duan Yongping has a devoted following. His business acumen has gained him the respect of many, including Pinduoduo founder Huang Zheng, CEO of BBK Electronics Jin Zhijiang, OPPO founder Chen Mingyong, and Vivo founder Shen Wei. Duan is well known for being one of the founders of BBK Electronics, which is now one of China’s largest consumer ...
Rethinking Southeast Asia: Why it’s not the next China or India
Oct 9, 2024 — Venture capital firm Lightspeed urges a recalibration of strategies in Southeast Asia, pointing out critical misjudgments in comparing its growth trajectory with China and India.
China’s Transsion, world’s No. 5 smartphone maker, keeps ascending
Dec 2, 2023 — China’s Transsion Holdings, one of the world’s top five smartphone makers, continues to grow globally, with its market share approaching that of major Chinese manufacturer Oppo, on the back of a strong showing in Africa and South Asia.
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.
Palworld expands to Japan on PS5 despite legal battle with …
Oct 9, 2024 — Despite facing legal pressure from Nintendo and The Pokemon Company, Palworld continues to expand rapidly, with its latest move coming on October 4 when Pocketpair announced the game’s release on the PlayStation 5 in Japan. The launch followed Palworld’s PS5 release in 68 other countries just days earlier, sparking excitement on social media.
Dubai’s infrastructure boom positions it as the global trade north …
Oct 14, 2024 — The “Made in UAE” initiative also allows Chinese companies to reduce geopolitical risks and expand smoothly into global markets. Under agreements like CEPA, products assembled in the UAE can enter major markets such as India, Indonesia, Turkey, Israel, and, eventually, ASEAN countries with lower tariffs.
Fourier Intelligence’s founder breaks down what’s next for …
Oct 14, 2024 — Despite the potential surge in production, Gu is not concerned about the prospect of a price war. He believes the industry is too immature for such competition, explaining that the focus should remain on refining humanoid robots to perform commercially valuable tasks reliably.