WNA Globe

World News by Wild Rose

#Mixue ร—

Can Chinaโ€™s budget brands crack developed markets? Mixue shows it wonโ€™t be easy

Three months after moving from China to Japan, Alisa Lin has yet to buy a single drink from Mixue โ€“ the Chinese ice cream and tea giant โ€“ despite being a frequent customer back home, where a cup costs under five yuan (73 US cents) during promotions. โ€œItโ€™s not a very popular brand here. Only one of my friends in Japan has ever bought it,โ€ Lin said, adding that value for money was the main consideration behind her own consumer choices in Tokyo. While Mixueโ€™s basic teas are cheap, a plain bubble...