Mixue shares rallied more than 40% on their Hong Kong debut. Longdley Zephirin expects Mixue to struggle with expansion into ...
3don MSN
The chain, which has more than 45,000 stores worldwide, has attracted customers with cheap ice cream and bubble tea.
Zhang Hongchao and Zhang Hongfu, founders of Chinese beverage giant Mixue Group, now have a combined net worth of $8.1 billion, surpassing Starbucks' former CEO Howard Schultz.
It’s enough money to buy Alibaba Group Holding Ltd., or pay every resident of Hong Kong nearly $50,000. The figure — more ...
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