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 ...
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.
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 ...
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.
Inside PDD, China’s e-commerce titan behind Temu and Pinduoduo
Jan 13, 2024 · 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.
China’s BYD sets sights on crowning itself as global energy storage ...
Feb 9, 2024 · BYD, the world’s top seller of new energy vehicles, has once again achieved record-breaking performance. On January 29, BYD disclosed its performance forecast, expecting to achieve a net profit of RMB 29–31 billion (USD 4–4.3 billion) in 2023, a year-on-year increase of 74.46–86.49%.
‘Stay hungry, stay foolish’: How Forrest Li built the ... - KrASIA
Mar 24, 2022 · In 2010, after a string of meetings with Pony Ma, co-founder and CEO of gaming giant Tencent, Li secured the exclusive publishing rights of global hit title, League of Legends, in Southeast Asia.Not long after, Tencent also handed over to Garena the publishing rights for three other popular games in the region, namely Honor of Kings, Crossfire, and WeFire.
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 Chinese short-video apps in 2020 vying to grab your
Apr 1, 2020 · 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 monthly active users (MAU ...
In the top flight: Everything you need to know about Traveloka
Mar 17, 2021 · Ten years ago, Ferry Unardi was a student at Harvard Business School. Hailing from Padang, a city in West Sumatra, Unardi encountered difficulties every time he prepared to fly between his hometown and the United States.