Guan Cha Zhe Wang·2025-05-13 12:02Group 1: Business Developments - Mixue Ice Cream and Tea signed a procurement memorandum with Brazil for coffee beans and other agricultural products worth 4 billion RMB, aiming to deepen economic cooperation [1] - The company plans to invest in Brazil over the next 3 to 5 years, creating approximately 25,000 jobs [1] - Luckin Coffee aims to enhance cultural exchange between China and Brazil, having signed a 5-year procurement memorandum for 240,000 tons of Brazilian coffee beans valued at over 10 billion RMB [3] Group 2: Market Expansion - Mixue Ice Cream and Tea has opened 4,895 stores outside mainland China, becoming the largest ready-to-drink tea brand in Southeast Asia [2] - Bawang Tea's first store in the U.S. has opened in Los Angeles, with plans for a second store underway [5] - Cha Baidao has opened its first store in Macau, experiencing high demand with long queues on opening day [6] Group 3: Product Offerings - Bawang Tea's U.S. store features 14 drink options and 9 baked goods, with prices ranging from $4.25 to $6.45 [4] - Cha Baidao continues to innovate its product offerings, launching localized menus based on local ingredients in international markets [6] Group 4: Strategic Initiatives - Lavazza is entering the Chinese university market with its first store at Fudan University, targeting the Gen Z demographic [7]