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We all know Mixue, the budget-friendly ice cream and bubble tea chain that’s likely just around the corner from your home.
But before its global dominance, it started as a small shaved ice shop in Henan, China back in 1997. The humble store used to sell a cone of ice cream for only CNY1 (RM0.60).
However, according to CNN Business, Mixue now holds the title of the world’s largest fast-food chain by store count, with 45,000 stores worldwide, including China, Indonesia, Vietnam, and Malaysia.
On 3 March 2025, Mixue made its Hong Kong Stock Exchange debut, raising HKD3.45 billion (RM1.96 billion) by offering nearly 17.1 million shares.
The secret to Mixue’s success: Affordability and accessibility

One major factor behind Mixue’s rapid rise? Insanely cheap prices.
You can grab a vanilla…