share
 

Beverage brands rapidly expand overseas presence

0 Comment(s)Print E-mail China Daily, January 29, 2024
Adjust font size:

Chinese fresh beverages brands are expanding their businesses overseas, gradually integrating into local communities and winning the hearts of consumers through high-quality products and services.

On Jan 2, Mixue Group, a beverages maker based in Zhengzhou, Henan province with over 36,000 stores at home and abroad, applied for an initial public offering in Hong Kong.

The IPO application is being viewed as a step forward in the company's globalization strategy, as it accelerates efforts to enhance consumer awareness and build a brand that is renowned globally.

As a major Chinese new-style tea beverage brand that is going international, Mixue has taken active part in the nation's Belt and Road Initiative, and has been speeding up expansion in overseas markets since its first store opened in Vietnam in 2018.

Data from the company show that as of Sept 30 last year, Mixue had established around 4,000 outlets in 11 countries and regions beyond China.

According to China Insights Consultancy, in terms of the number of overseas stores by that time, Mixue ranked first among all new-style tea drinks brands in Southeast Asia.

"In 2012, we became the first in China's freshly made beverages industry to establish centralized factories. We operate the largest and most comprehensive end-to-end supply chain in the industry, according to CIC," the IPO prospectus of Mixue showed.

"At present, it has built a complete industrial system that integrates agricultural technology support, centralized procurement from production areas, product R&D, central factory production, self-built logistics, store operation management, and customer service. The end-to-end supply chain is complete," CIC said in its report.

Mixue owns five major production bases in Henan, Hainan and Anhui provinces; the Guangxi Zhuang autonomous region; and Chongqing, taking up a total area of 670,000 square meters to generate an annual output of 1.43 million metric tons.

To further increase operational efficiency, Mixue has established a self-operated warehouse system that consists of 26 warehouses nationwide and takes up over 300,000 sq m.

To support its overseas business, Mixue has built localized warehouse systems. As of Sept 30, it had built 11 self-operated warehouses in four Southeast Asian countries with a total area of 66,000 sq m.

Chinese consumer goods brands, represented by new-style tea beverage brands, are going global one after another, winning the hearts of local consumers in the process.

Following Chinese technology enterprises that have gained in popularity among consumers in Southeast Asia, new-style beverage brands such as Mixue, Chagee and Luckin Coffee are also quickly expanding businesses there, said Lianhe Zaobao, a Chinese-language newspaper in Singapore.

Spicy hot pot, a traditional cuisine from Sichuan province, is also turning into a new favorite for people overseas, the paper said in a report.

On Jan 4, Naixue opened its first direct store in Bangkok. The store, which takes up two floors and nearly 200 sq m, is located in Emsphere, a high-end shopping mall in the Thai capital.

Meanwhile, a Heytea outlet in the Soho area of London has been well-received by consumers.

According to the report by CIC, by 2028, the global market scale of freshly made beverages is estimated to surpass $1.1 trillion, and the rapid expansion of emerging markets, particularly China and Southeast Asia, will be the key contributor.

"The export of freshly made beverages has reached a natural stage, and with the continuous improvement of the comprehensive strength of leading enterprises such as Mixue, going abroad is a good opportunity to test their supply chain integrity and overseas market adaptability," said Zhu Danpeng, an independent food and beverages analyst.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 久久国产精彩视频| 亚洲男女一区二区三区| 香蕉大视频在线播放持久| 国产精品黄页在线播放免费| jizz中国jizz欧洲/日韩在线| 成年美女黄网站色大片免费看 | 99riav视频国产在线看| 欧美人体一区二区三区| 亚洲精品视频在线观看你懂的| 精品久久人妻av中文字幕| 四虎成人免费大片在线| 草草影院地址ccyycom浮力影院37| 国产成人手机高清在线观看网站 | 亚洲国产精品成人综合色在线婷婷| 浪货一天不做就难受呀| 免费一级毛片不卡不收费| 99精品众筹模特私拍在线| 国产精品免费精品自在线观看| 91欧美激情一区二区三区成人| 在线观看二区三区午夜| free性泰国女人hd| 好多水好硬好紧好爽视频| 一级白嫩美女毛片免费| 成人自拍视频网| 久9热免费精品视频在线观看| 日本欧美成人免费观看| 久久精品国产亚洲AV蜜臀色欲| 最新亚洲精品国自产在线观看| 亚洲av无一区二区三区| 欧美一级夜夜爽视频| 亚洲午夜久久久影院伊人| 欧美日韩免费看| 亚洲最新在线视频| 欧美日韩激情一区二区三区| 亚洲日韩在线视频| 欧美日韩亚洲成色二本道三区 | 噜噜嘿在线视频免费观看| 羞羞漫画成人在线| 啊灬啊别停灬用力啊岳| 美女被免费网在线观看网站| 四虎影视成人永久免费观看视频|