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 ...
Inside PDD, China’s e-commerce titan behind Temu and Pinduoduo
Jan 13, 2024 · The share surge made Colin Huang, the 43-year-old founder of PDD, the second-richest man in China, with a net worth of USD 52.3 billion as of December 18, 2023, according to Forbes. PDD’s rise in an already packed e-commerce market has delivered a wake-up call for both investors and established domestic rivals Alibaba and JD.com.
After 33 years, McDonald’s is finally accelerating its ... - KrASIA
Feb 14, 2024 · After 33 years, McDonald’s is finally accelerating its expansion in China. Written by KrASIA Connection Published on 14 Feb 2024 5 mins read. 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. 2023 marked a year of rapid ...
Inside Tokopedia, the Indonesian e-commerce company offering
Mar 22, 2021 · Starting with an online marketplace, Tokopedia has diversified to offer a broad range of services for its 100 million users. Tokopedia is a pioneer of e-commerce in Indonesia. After serving millions of consumers and merchants for more than a decade, this unicorn company is planning to go public in 2021, possibly through a merger with on-demand ...
Palworld designer admits copying as Nintendo, Pokemon pursue …
Sep 30, 2024 · In the midst of Nintendo and The Pokemon Company’s ongoing lawsuit against Palworld for patent infringement, a surprising twist has emerged. A self-proclaimed designer of Palworld recently switched sides by admitting that the game includes copied content. In a series of emotional posts on her personal X (formerly Twitter) account, she described the inner turmoil and pain caused by the ...
In the top flight: Everything you need to know about Traveloka
Mar 17, 2021 · Unardi dropped out of Harvard. A year later, the trio formally established Traveloka in Jakarta. The company’s name is a portmanteau of its main business and loka, a Sanskrit word that means “world” or “universe.”. A company spokesperson said Traveloka is meant to be interpreted literally as the “world of travel.”. Fast forward to ...
The top six Chinese coffee companies in 2020 bringing caffeine
Apr 16, 2020 · The company currently has over 4,300 locations nationwide as of December 2019, and it is aiming for 6,000 locations by 2022. The companies keeping China caffeinated. Among the new coffee companies in China that have joined the race to challenge Starbucks, Luckin is the most well-known, with more than 4,500 stores as of December 2019.
The top Chinese short-video apps in 2020 vying to grab your
Apr 1, 2020 · By number of MAU, the nine Chinese short-video apps are Douyin (550 million), Kuaishou (490 million), Xigua Video (270 million), Douyin Huoshan (170 million), Weishi (120 million), according to data provider Questmobile. Other popular apps, according to different data and sources, are Haokan (69 million as of June 2019 ), Quanmin (16 million as ...
Here’s how Lazada lost its lead to Shopee in Southeast Asia (Part 1 …
Mar 24, 2021 · Southeast Asia’s homegrown e-commerce platform, Shopee, is a pioneer in more ways than one. Formed in 2015, it is an offshoot of gaming company Garena, helmed by founders who studied abroad and worked overseas for multinational companies. Its fourth quarter and full year 2020 financial reports indicate that Shopee’s turnover for the year was USD 35.4 billion, double that of 2019 and ...
Bilibili lands in Thailand, Malaysia in streaming race against
Dec 29, 2020 · Chinese video platform Bilibili has launched localized services in Thailand and Malaysia, marking the company’s first landing in Southeast Asia as it joins the race for eyeballs against Chinese peers Tencent and iQiyi, as well as global streaming platforms like Netflix and Disney. “The app is the official Bilibili standalone application in ...