Latest news with #MixueBingcheng
Yahoo
11-03-2025
- Business
- Yahoo
Move Over, McDonald's—This Is Now The World's Biggest Fast Food Chain
Sorry Big Mac and friends, you've officially been dethroned. It may be a massive fast-food behemoth, but McDonald's is no longer the world's biggest fast-food chain, according to a report from Newsweek. Who is this new fast food titan? Well, chances are, if you reside in the United States, you've never heard of Mixue Bingcheng. The Chinese bubble tea and ice cream shop has topped McDonald's and Starbucks to become the world's largest food and beverage chain. If the name Mixue Bingcheng doesn't ring a bell, get ready for a frosty introduction. The beloved brand is known for soft-serve ice cream cones that cost the equivalent of just 15 cents, and refreshing beverages that range in price from 30 cents to $1.20. It's worth noting that Mixue Bingcheng is the world's largest food and beverage chain by store count—there are over 45,000 outlets worldwide. Sales figures are not taken into consideration for this ranking. Most of the outlets are located in China, but you'll also find Mixue Bingchengs in Indonesia, Vietnam, and Malaysia. How do favorites like McDonald's and Starbucks stack up to Mixue Bingcheng's store count? A report from McDonald's notes that by the end of 2023, the restaurant had 41,822 restaurants worldwide, with the United States serving as the country with the most locations—13,457, to be exact. And according to Restaurant Business, at the end of 2023, Starbucks had 38,587 locations globally. Looks like they've got some catching up to do. You Might Also Like Insanely Easy Weeknight Dinners To Try This Week 29 Insanely Delicious Vodka Cocktails
Yahoo
07-03-2025
- Business
- Yahoo
McDonald's dethroned as world's largest fast food chain by company with no restaurants in the US
McDonald's is no longer the largest restaurant chain in the world. Mixue Bingcheng is a Chinese bubble tea and ice cream chain with more than 45,000 restaurants worldwide as of September 2024, while the number of McDonald's restaurants all over the world is around 41,800, according to Statista via Chowhound. The Asia-based fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20). Despite its huge number of locations, 90 percent of them are in China. There are also outlets in Indonesia, Vietnam, and Malaysia. There isn't a single location in the United States. Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks. 'Let people around the world eat well and drink well for just two American dollars,' Hongchao previously told Chinese state media about his strategy for the business. Over 99 percent of the bubble tea chain's stores are franchised, with most of their revenue coming from selling food materials, equipment, and packaging to its franchisees. Although Mixue Bingcheng does have the highest number of locations worldwide, its revenue is still behind other large drink chains in the U.S., such as Starbucks and Tim Hortons. Its growth is rapid, though. According to its prospectus, Mixue's net profit jumped 42 percent to 3.49 billion yuan ($479 million) in the first nine months of 2024 from the same period in the previous year. Its revenue increased 21 percent to 18.7 billion yuan ($2.6 billion) in the first nine months of 2024. Earlier this week, McDonald's revealed the breakfast orders of various celebrities the day after the Oscars celebrations. The commercial started with the time stamp of 9:14 a.m. at a McDonald's restaurant in Hollywood. The clip showed a receipt machine churning out the orders, such as Colman Domingo's Egg McMuffin meal — which comes with hash browns and a coffee — with strawberry jelly and ketchup on the side. Actor Teyana Taylor, who attended the Vanity Fair Oscar Party on Sunday, scarfed down McDonald's Hotcakes (pancakes) with egg and sausage, a McChicken Biscuit with cheese, and a side of strawberry jelly and butter. Singer Rosalía, who also attended the after-party, ordered a McGriddles — a breakfast sandwich with bacon, egg, and cheese — with a mango-pineapple smoothie and a mayo packet. In February, McDonald's reported a fourth-quarter net income of $2.02 billion, or $2.80 per share, down from $2.04 billion, or $2.80 per share, a year earlier. The fast food chain's sales suffered after the Centers for Disease Control and Prevention linked a fatal E. coli outbreak to its Quarter Pounder burgers.
Yahoo
07-03-2025
- Business
- Yahoo
McDonald's dethroned as world's largest fast food chain by company with no restaurants in the US
McDonald's is no longer the largest restaurant chain in the world. Mixue Bingcheng is a Chinese bubble tea and ice cream chain with more than 45,000 restaurants worldwide as of September 2024, while the number of McDonald's restaurants all over the world is around 41,800, according to Statista via Chowhound. The Asia-based fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20). Despite its huge number of locations, 90 percent of them are in China. There are also outlets in Indonesia, Vietnam, and Malaysia. There isn't a single location in the United States. Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks. 'Let people around the world eat well and drink well for just two American dollars,' Hongchao previously told Chinese state media about his strategy for the business. Over 99 percent of the bubble tea chain's stores are franchised, with most of their revenue coming from selling food materials, equipment, and packaging to its franchisees. Although Mixue Bingcheng does have the highest number of locations worldwide, its revenue is still behind other large drink chains in the U.S., such as Starbucks and Tim Hortons. Its growth is rapid, though. According to its prospectus, Mixue's net profit jumped 42 percent to 3.49 billion yuan ($479 million) in the first nine months of 2024 from the same period in the previous year. Its revenue increased 21 percent to 18.7 billion yuan ($2.6 billion) in the first nine months of 2024. Earlier this week, McDonald's revealed the breakfast orders of various celebrities the day after the Oscars celebrations. The commercial started with the time stamp of 9:14 a.m. at a McDonald's restaurant in Hollywood. The clip showed a receipt machine churning out the orders, such as Colman Domingo's Egg McMuffin meal — which comes with hash browns and a coffee — with strawberry jelly and ketchup on the side. Actor Teyana Taylor, who attended the Vanity Fair Oscar Party on Sunday, scarfed down McDonald's Hotcakes (pancakes) with egg and sausage, a McChicken Biscuit with cheese, and a side of strawberry jelly and butter. Singer Rosalía, who also attended the after-party, ordered a McGriddles — a breakfast sandwich with bacon, egg, and cheese — with a mango-pineapple smoothie and a mayo packet. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
McDonald's dethroned as world's largest fast food chain by company with no restaurants in the US
A new restaurant has bested McDonald's in the number of locations they have worldwide. Mixue Bingcheng is a Chinese bubble tea and ice cream chain with over 45,000 restaurants worldwide as of September 2024, according to CNN, while the number of McDonald's restaurants all over the world is around 41,800 as of 2023, according to Statista via Chowhound. The fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20). Despite its high number of locations, 90 percent of them are in China. There are also locations in the Asia Pacific region, including Indonesia, Vietnam, and Malaysia. There isn't a single location in the United States. Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks. 'Let people around the world eat well and drink well for just two American dollars,' Hongchao previously told Chinese state media about his strategy for the business. Currently, over 99 percent of the bubble tea chain's stores are franchised, with most of their revenue coming from selling food materials, equipment, and packaging to its franchisees. Although Mixue Bingcheng does have the highest number of locations worldwide, its revenue is still behind other large drink chains in the U.S., such as Starbucks and Tim Hortons. The news of the fast food chain's success comes just days after McDonald's revealed celebrities' morning-after breakfast orders. On Monday the home of the Big Mac uploaded a YouTube video revealing the orders of stars from Colman Domingo to Julia Fox. The commercial started with the time stamp of 9:14 a.m. at a McDonald's restaurant in Hollywood. The clip showed a receipt machine churning out the orders, such as Domingo's Egg McMuffin meal — which comes with hash browns and a coffee — with strawberry jelly and ketchup on the side. He also ordered a bottle of water and a strawberry-and-banana smoothie. Actor Teyana Taylor, who attended the Vanity Fair Oscar Party on Sunday the night before she scarfed down some fast food, ordered McDonald's Hotcakes (pancakes) with egg and sausage, a McChicken Biscuit with cheese, and a side of strawberry jelly and butter. She also got a syrup packet and a large orange juice. Singer Rosalía, who also attended the Vanity Fair after-party, ordered a McGriddles — a breakfast sandwich with bacon, egg, and cheese — with a mango-pineapple smoothie and a mayo packet. Nope star Keke Palmer got oatmeal with fruit and maple syrup, and a side of hash browns. Emilía Perez star Édgar Ramírez's treated herself to a breakfast of McGriddle with bacon, egg, and cheese, an order of hash browns, and a cup of coffee. Sign in to access your portfolio
The Independent
06-03-2025
- Business
- The Independent
McDonald's dethroned as world's largest fast food chain by company with no restaurants in the US
A new restaurant has bested McDonald's in the number of locations they have worldwide. Mixue Bingcheng is a Chinese bubble tea and ice cream chain with over 45,000 restaurants worldwide as of September 2024, according to CNN, while the number of McDonald's restaurants all over the world is around 41,800 as of 2023, according to Statista via Chowhound. The fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20). Despite its high number of locations, 90 percent of them are in China. There are also locations in the Asia Pacific region, including Indonesia, Vietnam, and Malaysia. There isn't a single location in the United States. Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks. 'Let people around the world eat well and drink well for just two American dollars,' Hongchao previously told Chinese state media about his strategy for the business. Currently, over 99 percent of the bubble tea chain's stores are franchised, with most of their revenue coming from selling food materials, equipment, and packaging to its franchisees. Although Mixue Bingcheng does have the highest number of locations worldwide, its revenue is still behind other large drink chains in the U.S., such as Starbucks and Tim Hortons. The news of the fast food chain's success comes just days after McDonald's revealed celebrities' morning-after breakfast orders. On Monday the home of the Big Mac uploaded a YouTube video revealing the orders of stars from Colman Domingo to Julia Fox. The commercial started with the time stamp of 9:14 a.m. at a McDonald's restaurant in Hollywood. The clip showed a receipt machine churning out the orders, such as Domingo's Egg McMuffin meal — which comes with hash browns and a coffee — with strawberry jelly and ketchup on the side. He also ordered a bottle of water and a strawberry-and-banana smoothie. Actor Teyana Taylor, who attended the Vanity Fair Oscar Party on Sunday the night before she scarfed down some fast food, ordered McDonald's Hotcakes (pancakes) with egg and sausage, a McChicken Biscuit with cheese, and a side of strawberry jelly and butter. She also got a syrup packet and a large orange juice. Singer Rosalía, who also attended the Vanity Fair after-party, ordered a McGriddles — a breakfast sandwich with bacon, egg, and cheese — with a mango-pineapple smoothie and a mayo packet. Nope star Keke Palmer got oatmeal with fruit and maple syrup, and a side of hash browns. Emilía Perez star Édgar Ramírez's treated herself to a breakfast of McGriddle with bacon, egg, and cheese, an order of hash browns, and a cup of coffee.
