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Mixue Group Ltd.
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Overview

Description

Mixue Group Ltd. is a leading public company specializing in the development, production, and franchise operation of ready-made ice cream and tea beverages. Founded in 1997 and headquartered in Zhengzhou, China, the company is renowned for its Mixue Ice Cream & Tea brand, which has become a dominant force in the food and beverage sector. Mixue Group operates a vast franchise network, boasting over 45,000 outlets across Mainland China, Hong Kong, Macau, and a rapidly growing international presence throughout Southeast Asia, Australia, South Korea, Japan, and Kazakhstan. The company’s core business model revolves around providing high-quality, affordable products, including ice cream, bubble tea, and a variety of tea-based drinks. Mixue Group also integrates end-to-end supply chain management—encompassing product research and development, manufacturing, logistics, and equipment supply to its franchisees. The company’s scale and streamlined operations have made it the world’s largest fast-food chain by store count, outpacing established global competitors. Mixue Group’s relentless focus on cost leadership and accessibility has enabled it to capture significant market share, particularly among value-conscious consumers, while its expansive franchise operation continues to shape trends in the global quick-service beverage industry.

About

CEO
Mr. Hongfu Zhang
Employees
9102
Address
Hanhai Beijin Commerce Center
Room 16004 Beisanhuan South and Wenhua Road East North Third Ring South, Jinshui District
Zhengzhou
Phone
86 40 0060 8888
Website
Instrument type
Common stock
Sector
Consumer Defensive
Industry
Beverages - Non-Alcoholic
Country
Hong Kong
MIC code
XHKG
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Latest press releases

Dec 20, 2025
Mixue Debuts in U.S. with First Store Opening

LOS ANGELES, Dec. 20, 2025 /PRNewswire/ -- Mixue, a brand under MIXUE Group (02097.HK), opened its first store in Los Angeles on December 19, marking its debut in the Americas and another step in the group's global expansion strategy.

Located at 6922 Hollywood Blvd Suite 107, the store features Mixue's core menu of ice cream, pure tea, fruit tea, milk tea, and freshly brewed coffee, with customizable sugar levels and toppings. The menu pricing lists the brand's signature ice cream at $1.19, iced lemonade at $1.99, lattes at $2.99, and bubble tea starting at $3.99, with most items priced between $1.19 and $4.99. To mark the opening, Mixue hosted a series of launch activities, including street pop-ups featuring its Snow King mascot, themed photo experiences, and promotional giveaways, attracting strong interest and excitement from local consumers.

Mixue has expanded internationally over several years. The brand opened its first overseas store in Hanoi, Vietnam, in 2018, marking its initial step toward global expansion. Today, Mixue operates approximately 4,700 stores outside China across 13 countries, including Australia, Japan, South Korea, Thailand, Malaysia, and Singapore. The opening of its first store in the United States further extends the brand's global footprint.

MIXUE Group now operates over 53,000 stores worldwide, making it one of the largest freshly made beverage chains by store count. Its rapid expansion and value-focused model have positioned the group ahead of many established global brands in terms of physical footprint. Reflecting its growing international influence, MIXUE Group was included this year in Time magazine's list of the "100 Most Influential Companies in the World," where it was the only restaurant chain recognized. The listing highlights the increasing presence of Chinese consumer brands on the global stage and MIXUE's expanding role in the international food and beverage market.

"Mixue is actively advancing its global strategy. Given the substantial market potential in the United States, the first store serves as a starting point. Moving forward, the company will steadily expand its store footprint, allowing more local consumers to enjoy high-quality, affordable drinks," the head of Mixue U.S. commented at the opening.

By combining applied product research with foundational ingredient and process development, the Company continuously upgrades its core beverage components while introducing freshly made drinks designed to balance quality and affordability. The brand's supply chain is managed through a digital system that supports end-to-end quality control, from ingredient sourcing and production to warehousing and distribution. This "farm-to-table" approach applies consistent standards at each stage. 

Looking ahead, Mixue plans to further expand its presence across the Americas, introducing its value-focused menu to a wider range of consumers. Stores across New York will also begin opening in the coming days. The Company will continue to strengthen its supply chain by expanding sourcing capabilities, improving logistics efficiency, and investing in production capacity and research and development. These efforts are aimed at supporting sustainable growth while maintaining consistent product quality and affordability as Mixue scales in international markets.

For more information about Mixue US, please visit https://www.instagram.com/mixue_global.

About MIXUE Group

Founded in China, MIXUE Group is the world's leading global freshly-made drinks company. Operating the freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup, Mixue has built a comprehensive end-to-end supply chain at the largest scale in China's freshly-made drinks industry, encompassing essential aspects covering procurement, production, logistics, R&D and quality control. The company is committed to delivering high-quality, affordable fresh beverages to consumers worldwide through its extreme-efficiency global supply chain and franchise model.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mixue-debuts-in-us-with-first-store-opening-302647472.html

SOURCE MIXUE Group

Nov 26, 2025
Mixue Vietnam Continues Steady Growth with Record Franchise Signings

93 new stores locked in at national conference as chain pivots to larger, experience-focused format in third-biggest market

HO CHI MINH CITY, Vietnam, Nov. 26, 2025 /PRNewswire/ -- Mixue Vietnam, the regional branch of MIXUE Group (02097.HK), the world's leading global freshly-made drinks company, concluded its highly successful 2025 Vietnam National Franchisee Conference on November 18 in Ho Chi Minh City and November 22 in Hanoi. The two events attracted nearly 700 franchisee candidates from provinces and cities across the country, resulting in 93 new store contracts signed on-site — a significant increase compared to the same period last year. Mixue Vietnam continues to see robust interest, with the pipeline of prospective franchisee candidates actively engaging in consultations and expressing intent to join, showing sustained growth.

93 new stores locked in at national conference

Vietnam remains Mixue's third-largest market worldwide and a key driver of the brand's global growth. At the conference, Mixue Vietnam presented its latest operating results, product strategy, and supply-chain capabilities while unveiling a proactive strategic upgrade that shifts the brand from rapid density-focused expansion to a "mature expansion phase" centered on refined operations, enhanced consumer experience, and sustainable profitability.

The upgraded image of the MIXUE store in Bac Ninh

A cornerstone of this transformation is the accelerated transition from the traditional "small-store model" to a new "large-store model." New and renovated stores feature spacious open bar counters, clearer customer flow, modern urban façades, and significantly larger floor areas. In major cities such as Hanoi, Bac Ninh, Hai Phong, and Da Nang, these upgraded flagship stores have quickly become social media hotspots among young Vietnamese consumers, reinforcing the company's positioning as a trendy yet affordable lifestyle brand.

Consumers have a better experience in the upgraded store

Furthermore, Mixue is pursuing proactive structural upgrades aimed at cementing the brand's long-term foundation in the Vietnamese market. The company is strategically reallocating resources toward prime locations and more efficient store formats. This approach not only enhances the sustained profitability of its franchise investors and partners but also establishes a more resilient platform for future growth. By relocating stores to high-potential areas, Mixue has enabled 125 stores to achieve daily sales increases exceeding 50%, a clear testament to the effectiveness of this strategy.

The two events attracted nearly 700 franchisee candidates from provinces and cities across the country

From Hanoi to Ho Chi Minh City, Vietnamese investors and franchisees have wholeheartedly embraced the brand's sharpened strategic vision. Despite intense competition in the market, franchisee candidates enthusiasm remains strong. The 93 new stores signed during the two conferences will cover northern, central, and southern Vietnam, demonstrating that franchisees continue to place high confidence in Mixue's controllable investment costs, transparent return cycles, and proven brand stability.

Through store image renewal, elevated in-store experiences, and accelerated operational standardization, Mixue Vietnam will enter a new stage of high-quality development in Vietnam, creating greater long-term value for franchise partners, employees, and millions of Vietnamese consumers.

Since entering Vietnam, Mixue has introduced high-quality fresh-made fruit drinks, tea, ice cream, and coffee at an average price of only VND 10,000–30,000, winning widespread love from Vietnamese consumers. Backed by the group's globally integrated end-to-end supply chain, encompassing procurement, production, logistics, R&D, and quality control, Mixue Vietnam will provide consistent product quality and cost advantages even during rapid international expansion.

Consumers queuing in a MIXUE store

As of June 2025, MIXUE Group operates more than 53,000 stores worldwide across China and 12 international markets, representing a net addition of 9,796 stores year-over-year. MIXUE Group continues to deepen its presence in Southeast Asia, supporting sustainable and stable operations for existing stores while selectively entering new markets at the appropriate time. International store numbers reached 4,733 in the first half of the year, an increase of 128 locations compared with the same period in 2024. In a further milestone, MIXUE Group was recently named to the 2025 TIME100 Most Influential Companies list by TIME magazine, becoming the only restaurant chain to earn a place on this global ranking.

For more information about Mixue Vietnam, please visit https://vn.mixue.com/ or follow the official Facebook page at https://www.facebook.com/Mixue.Vietnam.

About MIXUE Group

Founded in China, MIXUE Group is the world's leading global freshly-made drinks company. Operating the freshly-made tea drinks brand Mixue and freshly-made coffee brand Lucky Cup, Mixue has built a comprehensive end-to-end supply chain at the largest scale in China's freshly-made drinks industry, encompassing essential aspects covering procurement, production, logistics, R&D and quality control. The company is committed to delivering high-quality, affordable fresh beverages to consumers worldwide through its extreme-efficiency global supply chain and franchise model.

Cision View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/mixue-vietnam-continues-steady-growth-with-record-franchise-signings-302626523.html

SOURCE MIXUE Group

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Pre-market opens in 4 days 2 hours 55 minutes
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Trading Hours (Monday - Friday):

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