Susanna.” This recipe helped Mixue Ice Cream and Tea become the world’s biggest food-and-beverage chain by number of locations, topping McDonald’s and Starbucks.

Until now. Newsweek reports how neither McDonald’s nor Starbucks are the largest food and beverage chain by store count any more. That honor now goes to a Chinese company, Mixue Bingcheng.

Until now. Newsweek reports how neither McDonald’s nor Starbucks are the largest food and beverage chain by store count any more. That honor now goes to a Chinese company, Mixue Bingcheng.

SINGAPORE—It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the Michelin Man. And its stores relentlessly blare a jingle set to ...