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How Two Chinese Brothers Became Billionaires From $1 Bubble Teas

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😮
Comment from : @Nerd-Baker

Have you seen the ingredients in bubble tea? Pure poison ☠️
Comment from : @jules263

The love of money is the root of all evil
Comment from : @ianbrooks9686

it's BOBA like just say BOBA
Comment from : @MaximusDecimusMeridius23

I thought Bubble Tea originated from Taiwan 🤔
Comment from : @LurkerDood

another luckin writings on thw alll
Comment from : @user-cc7hf6hn5d

Only god knows what you’re ingesting
Comment from : @sdbszz706

Low quality content from forbes with million subscriber 😂brOnly pictures with voice not any interview or real footage?
Comment from : @nobinobuz

Honestly,it looks like a great replacement for Starbugs I hope some day it can work in my country
Comment from : @harleyking88

Very cool 😮😮😮😮
Comment from : @Kiratworldwide

Billions cups garbage 😭🌎
Comment from : @anastasias7186

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!
Comment from : @GenesisOnMoney

It’s not easy
Comment from : @0animalproductworld558

i love mixue sm!!
Comment from : @credenceia3572

Finished watching 4:17
Comment from : @codylim1

I though the CCP was anti-capitalism and China is uninvestable, so how come so many new billionaires come out every year?
Comment from : @francisltx

I own one store of Mixue in Indonesia It has taken Indonesia by storm in the last 2 years But Mixue management in Indonesia is in total chaos with some out of stock ingredient and have sacrificed a lot of franchise owners in order to open up a lot of stores within walking distance
Comment from : @hendriwang8645

All artificial flavors in all Mixue’s products There is no real milk and tea in the bubble tea No real cream in ice cream That’s why it is so cheap You pay what you get
Comment from : @laurencesong3692

Ewwwwwwww Chinese industry wastewater level beverage company
Comment from : @Ccat398

Well I guess bubble tea is from Taiwan 🇹🇼 😂
Comment from : @arismei

i wanna be a billionaire so opera and the queen
Comment from : @ramsaycobbler8499

I don't think this will be a profitable business in the long run Majority of their revenue comes from franchisees If they reach their peak number of stores, they will have no other option but to increase their prices to keep the revenues flowing
Comment from : @johnvincent5502

Dragon Ball Capital sent me "Kame-Hame-Ha!" 😂😂
Comment from : @_orodrigofernandes

Are these in America?
Comment from : @ThaFlyingDutchMen

Congratulations Professional Class
Comment from : @toddhayes3506

The products are ok And the shop is cold enough to have the shop filled with high school students
Comment from : @ydcjydcj1724

Imagine getting a billion throught selling buble tea😮
Comment from : @QiuQiuChannel-ni3xj

Why editing like that? Had to recheck if Forbes really made this vid
Comment from : @hotpot5517

I'm going to assume slavery
Comment from : @jasonn6306

Ironic how a money magazine spends so little money and time on the production of their videos
Comment from : @itsalovething8190

soon it will be declared a national security threat in some a hole countries
Comment from : @bigbear88888

I like this brand too In Vietnam, their prices are even lower than $1brEdit: Just finished listening to this piece and it's so superficial I can't believe Forbes magazine would create content so basic Any generic youtuber could have made the same thing
Comment from : @Dayvit78

My favorite Mixue ice cream cheap and good
Comment from : @BlackSwan-sq2iw

That's how you do business Low price high value
Comment from : @yizhang7027

Its name in North America is Snow Baby if I remember correctly
Comment from : @burgermanwu1907

They are all over here in Singapore I go to them for the $1 softserves and dont go for the bubble tea
Comment from : @Aurica34

As we all know, bubble tend to Burst
Comment from : @treblematic

Im not Chinese
Comment from : @0401412740

Too bad the numbers are all made up
Comment from : @chunhchan

It's just bubble tea but young people see it as something to show off It's pretty sad but that's the way to make money
Comment from : @mingyuhuang8944

Their Staff salary is below regulation
Comment from : @luthfibadri

Hard pass 👋
Comment from : @PM2024-

Taiwanese invention
Comment from : @cdnsilverdaddy

i love mixue its very yummy ,i live in tropical land so ice cream like this very popular
Comment from : @tigerfist2864

They have stores here in the Philippines
Comment from : @markarca6360

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
Comment from : @lizhijun1116

Not a bad franchise idea in heavily populated Asian postcodes brLow start up costs What is there to lose brChatime was the winner best franchise award in 2019
Comment from : @soulz23

These drinks are poison They are dirt cheap cus they are dirt
Comment from : @claus1225

Diabetic Drink for $1
Comment from : @claus1225

fads come and go i have never seen a bubble tea brand thrive for more than 2 decades,i give this company another 5 to 8 years before its a shadow of its current self
Comment from : @jont2576

Pengisi Ruko Kosong
Comment from : @andrewwokas

They sale with cheap price Cheap more than local business to play monopoly China always do this to disrupt every business around the world 😕
Comment from : @sandylittlebox

The tapioca place in my city has opened since late 90s and the owners are like worth $20mil I think that is great
Comment from : @inquisitvem6723

bing chilling
Comment from : @Nole2701

Why go public if you already have It grown ?
Comment from : @JorgeHernandez-d2z

Drink like a billionaire!
Comment from : @tommymiddlefinger1283

Another China Hustle… Give it a few months or 1 yr and the bubble tea will burst…
Comment from : @Dwn2Race

Begun visible in Thailand since last year
Comment from : @ahpong

forbes with 151m subs and one of finance's main stream media cant use proper HD pictures and hv to resort to crappy, blurry and generic pictures to explain their story
Comment from : @dannyuber9154

"Ping Du O Du O"LOL, get your pronunciation right It's only 3 syllables
Comment from : @maktheturd6220

actually that’s not a lot of you think about the population in China If every citizen bought a bubble tea in a day they could have been billionaires in a day
Comment from : @chiu004

i used to think bobba was healthy with all the fruit flavor choices but in reality its reaaly bad for your healthdidnt know it was all powder and sugar
Comment from : @ilzium8210

Yes, love this boba store, so good and cheap
Comment from : @BenMax-y1y

蜜雪快点开来美国呀！！翘首以盼！😢
Comment from : @李大方-k9n

Nice Mixue is my fave milktea brand now here in the Philippines!!!
Comment from : @teploves

their ice cream is good
Comment from : @hieutrangia3814

Recipe please
Comment from : @rejoicebreedtbreedt

They should thank Taiwan for inventing bubble tea
Comment from : @StarSoul

I drink from Wushiland, a Taiwanese boba tea place here in San Gabriel CA Their boba is so soft and squishy it’s irresistible
Comment from : @Light23K

I actually like their milk teas/bbt I think they’re quite milky in taste which i do like, but ofcourse no1 for me is GongCha
Comment from : @kimi98765

Dirt cheap prices what's in those bubble teas?
Comment from : @houchi69

Hope they come soon in France 🙌
Comment from : @pabloa_e

I saw this in Laos but never visited!
Comment from : @sillwuka

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

They sell really good soft serves for like 2 yuan so idk how they’re in profits
Comment from : @user-vv7ir1pl4j

I love Mixue!
Comment from : @yulioammaratha

The way the narrator pronounced Mixue Bingcheng and Pinduoduo made my ancestors cry 😭 soz
Comment from : @thafringe

I super love Mixue!
Comment from : @sixtogonzaga655

Omg!! Im seeing MiXue outside China!!
Comment from : @6Euphoria6

something cheap like this scares me
Comment from : @ha-kh7ef

As they say about bubbles, they’ll pop😂
Comment from : @LongNguyen-ce8nn

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
Comment from : @hentie5371

No added value, buy the bubble tea, forget the stock if you want to keep your money
Comment from : @Kindhcv369

China’s finest! Jiayou
Comment from : @priscillaferguson267

All the sugary drinks Gosh! Bad for health
Comment from : @gotmyonu1027

👍
Comment from : @rudywijaya1457

Wondering will US sanction Muxie due to its competition its starbuck Given USA general behaviour of war monger it seems likely
Comment from : @HowTo-tk9qh

I want people to think outside the food cost as a consumer These guys are selling sugar water (with a bit of chemical and tea) profile margin was only 154 (338million net profit divided by 22 billion revenue) brbrImagine the food cost for restaurants selling food and how low their profit margins are?
Comment from : @chongb

Scam
Comment from : @canadashopperclubasia6402

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!
Comment from : @KilanEatsandDrinks

Mixue's basic milk tea tastes way too watery here in a second tier city China We'll prefer another brand named Guming if you're talking about the basic bubble tea products Also FYI, Guming also went public in HK recently meaning it's probably gonna expand its stores in China Furthermore, nayuki's tea shall never be a rival of Mixue cause they're at totally two different tiers in bubble tea market here in China, let alone Hey tea, CHAGEE you name it
Comment from : @charilecha