McDonald’s degraded as the world’s largest fast food chain

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McDonald’s is no longer the largest restaurant chain in the world.

Mixue Bingcheng is a Chinese bubble -te and ice chain with more than 45,000 restaurants worldwide from September 2024, while the number of McDonald’s restaurants worldwide is about 41,800, according to Statista via Chowhound.

The Asia-based fast food chain is Known for selling soft-serve ice cream cones For a 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 business in Indonesia, Vietnam and Malaysia. There is not a single place in the United States.

Mixue Bingcheng was founded in 1997 by Zhang Hongchao, and originally started as a store that sold shaved ice cream and cold drinks.

“Let people around the world eat well and drink well for only two US dollars,” Hongchao told former Chinese state media about his strategy for the company.

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Over 99 percent of Bubble Tea Chain’s stores are franchized, with most of their income from selling food, equipment and packaging to its franchisees.

Although Mixue Bingcheng has the highest number of rankings around the world, its revenue is still behind other large drinking chains in the United States, such as Starbucks and Tim Hortons.

Its growth, however, is fast. According to his prospectus, Mixues Net profit ran 42 percent to 3.49 billion yuan ($ 479 million) in the first nine months of 2024 from the same period the year before. Its revenue rose 21 percent to 18.7 billion yuan ($ 2.6 billion) in the first nine months of 2024.

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Earlier this week, McDonald’s breakfast orders from various celebrities revealed the day after the Oscars celebrations. Commercial started with the time stamp at. 9:14 at a McDonald’s restaurant in Hollywood.

The clip showed a receipt machine that threw the orders out, such as Colman Domingos Egg McMuffin meal – which comes with hashish brown and a coffee – with strawberry jelly and ketchup on the side.

Actor Teyana Taylor who participated in Vanity Fair Oscar party on Sunday the McDonald’s hotcakes (pancakes) with eggs and sausage, a McChicken biscuit with cheese and a side of strawberry jelly and butter.

Singer Rosalía, who also participated in the after-party, ordered a McGriddles-a breakfast sandwich with bacon, eggs and cheese with a mango-painable smoothie and a mayo package.

In February, McDonald’s reported a net income in the fourth quarter of $ 2.02 billion or $ 2.80 per year. Share, down from $ 2.04 billion or $ 2.80 per Stock, a year earlier.

The fast food chain’s sales were suffering from the Centers for Disease Control and Prevention linked to a deadly E. coli outbreak to its quarter pounds.