Chinese budget coffee brand Lucky Cup, backed by tea giant Mixue, aims to reach 10,000 stores by the end of 2025, up from nearly 7,000 currently. Around 1,500 of these stores are in Henan province, ...

Mixue Group, Chinese mainland's largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong stock exchange, opening 29 percent above its initial public offering ...

The meteoric rise in shares of Labubu maker Pop Mart, jeweler Laopu Gold and tea brewers like Mixue reflect a major shift in the way Chinese consumers are spending money now.

Among Chinese brands, Mixue stands out in scale, with 4,700 outlets across South-east Asia as at September 2024, according to its prospectus. Over 84 per cent of them are in Indonesia and Vietnam.

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Mixue had sold around 5.8 billion cups of beverages in outlets in China and 11 other countries and regions around the world, said its IPO prospectus. From a small shop to networks across the world, ...

Mixue Group, Chinese mainland's largest fresh drinks producer by retail market share, made a strong debut on the Hong Kong stock exchange, opening 29 percent above its initial public offering price at ...