From roadside stand to a global franchise: The rise of Mixue
2023年7月25日 · 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 …
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
2024年2月14日 · 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.
The top Chinese short-video apps in 2020 vying to grab your
2020年4月1日 · Chinese short-video apps started popping up in China as early as 2016, but they really began making an impact on the country’s internet economy in 2018, when netizens spent nearly 14 hours per month on short-video content, according to financial service provider Founder Securities.Since then, these platforms have only continued to rise, garnering over 821 million …
Inside PDD, China’s e-commerce titan behind Temu and Pinduoduo
2024年1月13日 · But experts say there may be an even bigger long-term hurdle for Temu: regulatory scrutiny. An obvious challenge is the US Congress ramping up scrutiny of both Temu and Shein’s labor rights and intellectual property practices.
These six Chinese home appliance brands are bringing the
2020年7月15日 · The consistent growth in China’s home appliance market over the past decades has told the story of China’s rising middle class and urbanization.
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.
The top six Chinese coffee companies in 2020 bringing caffeine
2020年4月16日 · 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 …
China’s Transsion, world’s No. 5 smartphone maker, keeps ascending
2023年12月2日 · 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.
Meet BBK, the world’s largest phone maker that you’ve ... - KrASIA
2021年3月4日 · The Chinese media has pinned different labels on Duan Yongping, the founder of BBK Electronics. To many, he's known as the "godfather of the Chinese smartphone industry." To the western world, BBK is nearly an unknown name, yet, it was instrumental to the rise of five globally best-selling smartphone brands—Oppo, Vivo, Realme, OnePlus, and Iqoo.
Auntea Jenny becomes next Chinese tea brand to pursue Hong
2024年2月20日 · 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, …