Crafting strategic innovation & AI adoption. Bridging startups to China’s ecosystem advantage. Building a cyberbrain.
Registered pharmacist × Brand strategist × Storyteller
📍Shenzhen (10 years)
🔗 jenxi.com
Read how he did it: jenxi.com/mixue-story-...
Read how he did it: jenxi.com/mixue-story-...
The genius? While Starbucks charges $5+ for drinks, Mixue sells them for under $1. 98% of revenue comes from selling supplies to franchisees, not the drinks themselves.
The genius? While Starbucks charges $5+ for drinks, Mixue sells them for under $1. 98% of revenue comes from selling supplies to franchisees, not the drinks themselves.
Failed fish farmer → Global beverage king
4 demolitions → 36,000 stores
RMB 1 ice cream → RMB 15 billion empire
Sometimes the best business advice is the simplest:
Never give up. Charge less. Build better systems.
Full story: jenxi.com/mixue-story-...
/end 🧊
Failed fish farmer → Global beverage king
4 demolitions → 36,000 stores
RMB 1 ice cream → RMB 15 billion empire
Sometimes the best business advice is the simplest:
Never give up. Charge less. Build better systems.
Full story: jenxi.com/mixue-story-...
/end 🧊
In a world where everything gets more expensive, radical affordability becomes luxury.
The most disruptive strategy isn't always innovation.
Sometimes it's charging less than anyone thinks possible while building superior economics.
Persistence + cheapness = empire.
In a world where everything gets more expensive, radical affordability becomes luxury.
The most disruptive strategy isn't always innovation.
Sometimes it's charging less than anyone thinks possible while building superior economics.
Persistence + cheapness = empire.
- 36,000+ stores (vs McDonald's ~42,000)
- 35 countries
- RMB 15 billion ($2+ billion) revenue
- 4,000+ international locations
While Starbucks charges $5+ for drinks, Mixue sells quality beverages for under $1.
Mass market > premium market.
- 36,000+ stores (vs McDonald's ~42,000)
- 35 countries
- RMB 15 billion ($2+ billion) revenue
- 4,000+ international locations
While Starbucks charges $5+ for drinks, Mixue sells quality beverages for under $1.
Mass market > premium market.
A cheerful mascot + viral jingle "Mixue Bingcheng Tianmimi"
Then Zhang spent RMB 10M+ on animated series.
9.9/10 rating on Bilibili.
He's building Disney, but with lemonade.
Cultural strategy > traditional advertising.
A cheerful mascot + viral jingle "Mixue Bingcheng Tianmimi"
Then Zhang spent RMB 10M+ on animated series.
9.9/10 rating on Bilibili.
He's building Disney, but with lemonade.
Cultural strategy > traditional advertising.
During gold rushes, who made reliable money?
- Gold miners? (risky)
- Shovel sellers? (guaranteed)
Zhang chose shovels.
Whether franchises thrive or struggle, they still need supplies.
Predictable revenue > volatile revenue.
During gold rushes, who made reliable money?
- Gold miners? (risky)
- Shovel sellers? (guaranteed)
Zhang chose shovels.
Whether franchises thrive or struggle, they still need supplies.
Predictable revenue > volatile revenue.
It's a supply chain company.
98% of revenue comes from selling ingredients + equipment to franchisees.
They profit twice:
1. When franchisees buy supplies
2. When franchisees sell to customers
Pure genius. 💡
It's a supply chain company.
98% of revenue comes from selling ingredients + equipment to franchisees.
They profit twice:
1. When franchisees buy supplies
2. When franchisees sell to customers
Pure genius. 💡
Competitors struggle with inconsistent suppliers.
Zhang's move? Build his own supply chain.
- Lemon farms in Sichuan
- New Zealand dairy
- Vietnamese passion fruit
- Brazilian coffee
Result: 1 billion cups sold annually. 🍋
Competitors struggle with inconsistent suppliers.
Zhang's move? Build his own supply chain.
- Lemon farms in Sichuan
- New Zealand dairy
- Vietnamese passion fruit
- Brazilian coffee
Result: 1 billion cups sold annually. 🍋
That RMB 1 ice cream wasn't really a product.
It was customer acquisition.
Each cone created a loyal customer who'd buy other items + spread word-of-mouth.
Nearly 20 years later, it's still their bestseller (now RMB 2-3).
Great strategies become institutions.
That RMB 1 ice cream wasn't really a product.
It was customer acquisition.
Each cone created a loyal customer who'd buy other items + spread word-of-mouth.
Nearly 20 years later, it's still their bestseller (now RMB 2-3).
Great strategies become institutions.
While competitors sold ice cream for RMB 20 ($3), Zhang priced his at RMB 1 (14 cents).
Not as a promotion. Permanently.
Students who treated ice cream as occasional luxury suddenly bought it daily.
He'd transformed discretionary spending into habitual consumption.
While competitors sold ice cream for RMB 20 ($3), Zhang priced his at RMB 1 (14 cents).
Not as a promotion. Permanently.
Students who treated ice cream as occasional luxury suddenly bought it daily.
He'd transformed discretionary spending into habitual consumption.
Again.
For the 4th time.
Most people would update their CVs. Zhang Hongchao went back to selling ice cream.
Sometimes the best business strategy is pure stubbornness.
Again.
For the 4th time.
Most people would update their CVs. Zhang Hongchao went back to selling ice cream.
Sometimes the best business strategy is pure stubbornness.
Once you understand that your current behaviours—good and bad—are largely the result of established neural pathways, you can begin the process of redirection.
Once you understand that your current behaviours—good and bad—are largely the result of established neural pathways, you can begin the process of redirection.
This consolidation has profound implications for how we'll all interact with tech in the coming years.
This consolidation has profound implications for how we'll all interact with tech in the coming years.
As 3 AI chatbots now dominate China's top 5 most downloaded apps, we're witnessing a fundamental shift in how tech is consumed.
As 3 AI chatbots now dominate China's top 5 most downloaded apps, we're witnessing a fundamental shift in how tech is consumed.
- Feb 13: Added Tencent's Hunyuan model AND DeepSeek-R1 for free
- Feb 17: Introduced advanced Thinker (T1) model for deeper reasoning
- Feb 21: Added image comprehension across all models
- Mar 1: Added Windows & macOS desktop versions
- Feb 13: Added Tencent's Hunyuan model AND DeepSeek-R1 for free
- Feb 17: Introduced advanced Thinker (T1) model for deeper reasoning
- Feb 21: Added image comprehension across all models
- Mar 1: Added Windows & macOS desktop versions