It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the Michelin Man. And its stores relentlessly blare a jingle set to the tune of “Oh! Susanna.

Mixue Ice Cream and Tea has become the world's largest food-and-beverage chain by store count, surpassing McDonald's and Starbucks. The company reached 45,000 stores last year after doubling its locations in three years,

The popular chain which is now bigger than McDonald's, serves bubble tea, soft-serve ice cream, and lemonade, and most of their menu items cost less than $1 in local currency

Sorry, McDonald's, you're not No. 1. China's Mixue is the largest fast-food chain in the world, the Wall Street Journal reports. The ice cream and bubble tea chain has more than 45,000 stores across a dozen countries,

China's Mixue Ice Cream and Tea has become the world’s biggest food-and-beverage chain in terms of the number of locations, topping McDonald’s and Starbucks. With the name pronounced as “ME-schway,” the company's 45,