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China’s Mixue Group became the world’s biggest fast-food chain by winning over customers with cheap ice cream and drinks. It’s a hit with investors too. On Monday, Mixue stock end ...

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Mixue Ice Cream and Tea may be unfamiliar to many of us but the Chinese firm has more outlets than McDonald's and Starbucks.

Pour one out for the espresso Frappuccino. And another for the iced matcha lemonade. And another for several other Starbucks drinks that the coffee chain is eliminating from its menu.

These itemized elaborations have been created using the accompanying table.

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Two decades ago, a modest snack stall in the middle of one’s China poorest provinces saw its business take off after selling cut-price soft serve for just 15 cents (1 yuan) per cone. Today, it has ...