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 Bingcheng, a budget-friendly bubble tea brand, now operates more outlets than McDonald’s or Starbucks worldwide.

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,