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Mixue Bingcheng Overtakes McDonald's and Starbucks as World's Largest Food and Beverage Chain

Mixue Bingcheng, founded in 1997 in Henan, China, became the world's largest food and beverage chain by store count (over 45,000) by September 2024, exceeding McDonald's and Starbucks, due to its low-cost, high-volume business model and successful IPO raising \$444 million.

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