How Two Chinese Brothers Became Billionaires From $1 Bubble Teas

At age 21, Zhang Hongchao started peddling shaved ice treats. A quarter of a century later, he and his younger brother Hongfu have made a fortune selling soft-serve ice cream, coffee drinks and its super popular bubble tea and lemonade.

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[selenajack]

Love your straightforwardness in the manner you show us the mix-ups as well as the triumphs. Your posts are genuinely uplifting, showing us all the significance of profit investing...my prompt for students is to assemble here and get an enduring answer for their effective financial planning nightmares...no information is a waste.

[lizhijun]

As a Chinese, I know some abt Zhang Hongchao and his brother. They truly built their Mixue Empir with their own hands and sweat, without any big background. They own all characteristics of success.

[dreameisters]

The franchise cost to open Mixue in Indonesia is around US$ 51k not including rent, employees salary, renovation etc

[sumi]

same in Malaysia, just recently they start to pop up everywhere and their items cost less than Malaysian owned Tealive

[truongngo]

their franchises are really popping out everywhere in Vietnam, cheap and seems to be clean, taste is very okay for price

[deadskull]

Love their products, affordable and taste good 😊

[KilanEatsandDrinks]

We have this joke in Indonesia that Mixue is going to take over the country soon what with how aggressive they are expanding their businesses in every major city in the country 😁 What an amazing success story!

[thafringe]

The way the narrator pronounced Mixue Bingcheng and Pinduoduo made my ancestors cry 😭 soz

[Aurica]

They are all over here in Singapore. I go to them for the $1 softserves and dont go for the bubble tea.

[hentie]

Went to Malaysia and saw this store there, I have heard about their popularity and tried their sundae. It was okay for a sundae, but was absolutely top for a $80cents sundae.

[BenMax-yy]

Yes, love this boba store, so good and cheap

[hulkrise]

Your topic doesn’t match the answer. There is no mention how they become billionaires….only blah blah how much they earn

[richa]

Love their teas!!!! they are superb and delicious not too sweet..glad they had store here in PH

[estebanduniach]

In Vietnam there are at least 1000+ Mixues, Binh Thanh District, Ho Chi Minh as at least 15 Mixues alone, and the city probably 150+
Really an empire

[zaireyljedgelua]

Mixue also started popping up everywhere here in Manila, PH. The products are relatively cheap but good. I love their boba sundae

[ellee]

Success Takes Time. He Failed Once and Came with his Brother and Made it Happen.

[hotpot]

Why editing like that? Had to recheck if Forbes really made this vid.

[hellowill]

The $1 tea in Asia is far superior to any $10+ tea in the west. Quite eye opening coming here. The west is more expensive but the goods and services are somehow much worse, especially the service and workers attitude.

[louniece]

So much more to this story, but whatevs. Excellent story.

[GenesisOnMoney]

Very inspiring. The brothers were able to pull this up purely as a result of leveraging their franchise networks for sale of kitchen hardware and the likes. Quite impressive!