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>Dethroned in AI
>Dethroned in Hollywood
>Now Dethroned in food
https://finance.yahoo.com/news/mcdonald-dethroned-world-largest-fast-230452889.html
McDonald’s dethroned as world’s largest fast food chain by company with no restaurants in the US
Brittany Miller
Fri, March 7, 2025 at 12:15 AM EST 3 min read
McDonald’s is no longer the largest restaurant chain in the world.
Mixue Bingcheng is a Chinese bubble tea and ice cream chain with more than 45,000 restaurants worldwide as of September 2024, while the number of McDonald’s restaurants all over the world is around 41,800, according to Statista via Chowhound.
The Asia-based fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20).
Despite its huge number of locations, 90 percent of them are in China. There are also outlets in Indonesia, Vietnam, and Malaysia. There isn’t a single location in the United States.
Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks.
“Let people around the world eat well and drink well for just two American dollars,” Hongchao previously told Chinese state media about his strategy for the business.
>Dethroned in Hollywood
>Now Dethroned in food
https://finance.yahoo.com/news/mcdonald-dethroned-world-largest-fast-230452889.html
McDonald’s dethroned as world’s largest fast food chain by company with no restaurants in the US
Brittany Miller
Fri, March 7, 2025 at 12:15 AM EST 3 min read
McDonald’s is no longer the largest restaurant chain in the world.
Mixue Bingcheng is a Chinese bubble tea and ice cream chain with more than 45,000 restaurants worldwide as of September 2024, while the number of McDonald’s restaurants all over the world is around 41,800, according to Statista via Chowhound.
The Asia-based fast-food chain is known for selling soft-serve ice cream cones for one yuan (15 cents) and drinks ranging from between 2 to 8 yuan (30 cents to $1.20).
Despite its huge number of locations, 90 percent of them are in China. There are also outlets in Indonesia, Vietnam, and Malaysia. There isn’t a single location in the United States.
Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started out as a store selling shaved ice and cold drinks.
“Let people around the world eat well and drink well for just two American dollars,” Hongchao previously told Chinese state media about his strategy for the business.
