World push for China bubble tea chain with more stores than McDonald’s
by Thomas Hale, Wenjie Ding and Michael Pooler · Australian Financial ReviewThomas Hale, Wenjie Ding and Michael Pooler
May 10, 2026 – 3.34pm
At an upscale shopping centre on Sao Paulo’s Paulista Avenue last month, dozens of customers queued up for a new Chinese brand offering ice-cream for less than a dollar.
The store is the first in Brazil for Mixue, a food and beverage chain that remains little-known outside China but has more stores globally than McDonald’s. With 60,000 outlets – mostly in the mainland – its bubble and milk tea is now available in cities from New York to Singapore.
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