消费并购火爆。 作者 I 周佳丽 报道 I 投资界PEdaily PE正在围猎星巴克中国。 最新一幕，高瓴也来了——根据外媒援引知情人士报道，高瓴近日参与了星巴克中国区的 反向管理层路演，表达了对收购星巴克中国业务的兴趣。 投资界从知情人获悉，此次路演还吸引了凯雷投资、信宸资本等多家知名投资机构参与。 据悉，星巴克中国业务估值约为50至60亿美元（约合人民币35 0 - 4 30亿元）。 随后消息流出，星巴克通过财务顾问向多家潜在投资者发出了信函，以征求对星巴克中国 业务发展的意见和建议。 如今，高瓴也准备收购星巴克中国业务。知情人士透露，该交易将由高盛担任独家财务顾 问， 估值约为50至6 0亿美元，预计将持续到2 0 26年。 至此，星巴克中国背后已经站着长长的竞购队伍，高瓴之外还包括KKR、方源资本以及 太盟投资集团PAG等投资机构，国内巨头华润集团与美团也被指为潜在买家，火爆程度 可见一斑。 "我们收获了很多人的兴趣——非常多的兴趣，" 正如Ni c c ol在接受《金融时报》采访时 表示。"人们看到了星巴克品牌的价值，也看到咖啡行业正在增长。我认为他们很乐意与 我们合作，共同探索如何将门店数量从80 ...

Group 1 - The core viewpoint of the news is that Algebraist Coffee, a prominent brand in the specialty coffee sector, has completed a new round of financing amounting to several tens of millions, bringing its total financing to over 200 million yuan [2] - The recent financing will primarily be used for product research and development, brand promotion, and store expansion, with plans to increase the total number of stores to around 300 in the next 1-2 years [2] - Algebraist Coffee was founded in 2015 by Dai Yi, who has a unique passion for coffee and aims to provide high-quality, aesthetically pleasing, and cost-effective coffee products [3] Group 2 - Algebraist Coffee, previously known as Matrix Coffee, rebranded in 2019 and positions itself as a "trendy specialty coffee" brand, promoting the concept of "high quality at mid-range prices" to break the high-price barrier of specialty coffee [3] - As of 2024, Algebraist Coffee has opened 110 stores, primarily located in the Jiangsu, Zhejiang, and Shanghai regions, with a focus on high-traffic areas such as business districts and office buildings [3] - Since the third quarter of 2024, Algebraist Coffee has achieved positive monthly financial profits and cash flow, with performance showing consistent month-over-month growth [3]

Group 1 - Starbucks clarifies that it is not considering a full sale of its China business and remains optimistic about the long-term potential of the Chinese market [1] - The company is evaluating the best ways to capture future growth opportunities in China, emphasizing its strong team and brand presence [1] - Previous media reports suggested that Starbucks was contemplating a full sale, which led to a nearly 1% increase in its stock price in after-hours trading [1] Group 2 - Starbucks has faced ongoing pressure in the Chinese market, with local competitors like Luckin Coffee eroding its market share through aggressive pricing and rapid expansion [3] - In response to competitive pressures, Starbucks has implemented a pricing strategy that includes lowering prices on certain beverages and introducing sugar-free options to cater to local consumer preferences [3] - The company has experienced a decline in same-store sales for five consecutive quarters, indicating challenges that extend beyond the Chinese market [3] Group 3 - Despite not considering a full sale, Starbucks has engaged with investors to explore various strategic options, including the potential sale of partial equity, to address current market challenges [4]

库迪在今年正式宣布推出便利店业务时，也曾引发了广泛的争议，讨论焦点在于这究竟是"合理扩张"还 是"不务正业"。 事实上从库迪近两年的动作来看，这更多是一种追求规模的"主动出击"。从去年底"店中店"模式按下暂 停键之后，库迪还短暂试水了快餐业务，这背后，是其希望打破"瓶颈"的考量。 从4月份到现在，周雪峰（化名）已经观望了很久，但仍旧没有下定决心投资一家库迪咖啡便利店。 尽管在他看来，这已经是他考察的众多项目中，"相当稳当的一门生意了"。 库迪咖啡今年的新招商政策承诺，如果半年内生意难以维持，开店时的保证金、装修、设备货品等费用 全部可退，等于加盟商只需承担房租和人工费用。 周雪峰的犹豫之处，在于是否能挣到钱。他此前在好几家库迪便利店外蹲守了几天，观察这些门店的经 营状况，结论是有好有坏，选址和人流占主导因素。 这些门店都有一个共性：咖啡并未给其他商品带来太多流量。虽然咖啡依然是销售大头，但周雪峰很少 看到买咖啡的人顺手买一些其他商品，基本上买咖啡的就是买咖啡，而买其他商品的人也只是把库迪便 利店当做一个普通的便利店。 换句话说，要么开个咖啡店，要么开个便利店，为了去追求一种"全新的业态"，而投入更高的资金和人 ...

Group 1 - The 9th China-South Asia Expo is showcasing the cultural exchange between China and France through tea and coffee, highlighting the unique flavors of Yunnan's Pu'er tea and coffee [1][3] - Yunnan's "Xiao Fa Tuo" tea, which has been popular in France for over 40 years, is recognized for its distinct "caramel aroma" and is considered a staple among tea lovers [3][5] - The coffee industry in Yunnan is also gaining traction, with various regions like Pu'er, Baoshan, and Dali presenting their unique coffee profiles at the expo [3][5] Group 2 - The "China-Yunnan - France-Paris Specialty Product Promotion Conference" held in Paris helped Yunnan coffee companies establish connections with French merchants and explore new product development [4] - Yunnan's coffee industry is focusing on "premiumization, branding, and internationalization," aiming to create a cooperative platform for coffee trade between China and France [5] - The Yunnan provincial representative in France expressed confidence that Yunnan coffee could become a lasting and vibrant link between the two cultures [5]

Core Insights - The 2025 New Wealth 500 Rich List has been released, with ByteDance founder Zhang Yiming topping the list with a stock valuation of 481.57 billion yuan, surpassing second-place Zhong Shanshan by 120 billion yuan, marking Zhang's first time as the richest person in China [3][9] - The rise of the consumer sector is a significant highlight of this year's list, with many representatives from the coffee and tea industry making the rankings [3][10] - The list shows a notable shift in regional wealth, with several local billionaires emerging from the consumer sector, particularly in Henan, Heilongjiang, Hubei, and Guizhou [4][5][17] Company Highlights - Zhang Yiming's wealth is attributed to ByteDance, which focuses on short video and social media products, while Zhong Shanshan's wealth has decreased due to a lack of engagement in the AI sector, resulting in a drop of nearly 100 billion yuan [9][10] - The consumer sector saw 89 individuals on the list, an increase of three from the previous year, indicating strong market vitality and potential [9][10] - Notable figures in the coffee and tea industry include Zhang Hongchao and Zhang Hongbo from Mixue Ice City, who have a combined wealth of 117.94 billion yuan, making them the new billionaires of Henan [12][17] Regional Wealth Changes - The list indicates that 19 provinces have different billionaires compared to 2021, reflecting significant economic structural changes across regions [9][16] - In Henan, the emergence of Zhang Hongchao and Zhang Hongbo as the new local billionaires highlights the province's growing consumer market, particularly in food and beverage [17] - In Heilongjiang, Zhang Liguo from Fulejia became the new billionaire with a wealth of 12.76 billion yuan, while in Hubei, Wu Shaoxun from Jinpai Group and in Guizhou, Wu Xiangdong from Zhenjiu Li Du also emerged as new local billionaires [6][18]

点击按钮▲立即报名 阿里希望重塑用户对于淘宝App的认知，尽可能多地将各类消费塞进一个App中，最大化利用内部流量，京东和美团也在做类似的尝试。各大平 台的补贴措施减弱后，消费者是否会认可这种"超级消费App"，现在还不得而知。 美团全面拓展即时零售业务 内地与香港跨境支付通正式上线 6月23日消息，内地与香港快速支付系统互联互通（简称"跨境支付通"）近日正式上线。通过内地网上支付跨行清算系统与香港快速支付系统"转 数快"直接连接，跨境支付通支持用户通过参与机构的手机银行、网上银行等渠道，依托手机号码、银行账户等，线上发起内地与香港间人民币 和港币的跨境汇款，经常项目项下一定金额内的汇款可实时到账。 目前，首批参与跨境支付通的内地机构包括工商银行、农业银行、中国银行、建设银行、交通银行、招商银行；香港机构包括中银香港、东亚银 行、建银亚洲、恒生银行、汇丰银行、工银亚洲，后续将逐步扩大参与范围。（综合新华社） ｜点评｜ 和传统的跨境汇款相比，跨境支付通的优势主要在两方面，时效性提高和手续费成本降低。内地和香港的往来越发频繁，无论是投 资、旅游，还是求学、工作需要，资金流通的频率和规模都在增加。传统的跨境支付系统 ...

今日导读 1. 财政部、公安部、市场监管总局于23日发布《关于开展2025年政府采购领域"四 类"违法违规行为专项整治工作的通知》 2. 6月23日，哈啰宣布正式进军 Robotaxi 赛道，由哈啰、蚂蚁集团、宁德时代通过旗下 投资主体共同发起成立的"上海造父智能科技有限公司"在沪注册。 3. 6月23日，小鹏汇天官宣，杜超正式加入小鹏汇天，出任小鹏汇天的首席财务官、副总 裁。 宏观消息 1、 财政部、公安部、市场监管总局于23日发布《关于开展2025年政府采购领域"四类"违法违规行为 专项整治工作的通知》，自今年6月到明年1月，针对采购人设置差别歧视条款、代理机构乱收费、供 应商提供虚假材料、供应商围标串标等"四类"违法违规行为开展专项整治，以进一步规范政府采购市 场秩序，巩固拓展前期整治成果。 2、 近日，国家药监局审议通过《关于优化全生命周期监管支持高端医疗器械创新发展的举措》，支 持高端医疗器械创新发展，将出台新措施。 3、 6月23日，工信部等九部门发布关于印发《黄金产业高质量发展实施方案（2025—2027年）》的 通知。《实施方案》提出， 到2027年，资源保障能力和产业链创新水平明显提升。黄金 ...

Group 1 - Hillhouse Capital is interested in acquiring Starbucks' China business, with a valuation estimated between $5 billion to $6 billion, and Goldman Sachs serving as the exclusive financial advisor [1] - The acquisition process is still in its early stages, with the deal expected to continue until 2026, indicating a significant potential investment in the high-end coffee market in China [1] - If the acquisition is finalized, it could become one of the largest consumer mergers in recent years, reflecting Hillhouse's long-term confidence in the sector [1] Group 2 - LABUBU's collaboration with designer Long Jiasheng achieved a record auction price of 759,000 yuan, marking the highest for LABUBU's collaborative items globally [2] - Recent auctions driven by LABUBU have generated a total of 8.936 million yuan, but concerns have arisen regarding the excessive pricing of some items, questioning their true market value [2] - The high prices for LABUBU items indicate strong market demand, but the presence of irrational pricing could undermine long-term market stability [2] Group 3 - A consumer reported finding a whole frog in a tea product from Nayuki, prompting a response from the company, which stated that they have resolved the issue with the consumer [3] - The incident highlights potential vulnerabilities in Nayuki's supply chain management, necessitating improvements in raw material oversight and quality control processes to restore consumer trust [3] Group 4 - The National Cultural Big Data Trading Center has launched an international voice asset trading platform, allowing valuable assets to be registered, priced, and traded as financial products [4] - The platform aims to open to businesses and individuals next year, facilitating the registration and trading of voice-related data assets and digital assets [4] - The launch of the voice asset platform represents a significant step in the assetization of cultural data, although its future value realization will depend on the maturity of the rights confirmation mechanism [4] Group 5 - Meituan Select has announced the closure of operations in certain regions while retaining its business in Guangdong and other areas [5] - The decision reflects a strategic contraction in the community e-commerce sector, indicating a shift from expansion to refined operations [5]

星巴克对于"改造"中国业务是认真的。 寻找合作方，乃至"出售"中国业务股权，都在星巴克考虑范围内。甚至此种进程还在加速。 2025年6月23日，据多家媒体报道，有知情人士透露，高瓴资本近日参与了星巴克中国区的反向管理层 路演，表达了对收购星巴克中国业务的兴趣。此次路演还吸引了凯雷投资、信宸资本等多家投资机构参 与。 目前，交易结构尚未敲定。星巴克中国业务估值约为50亿至60亿美元。该交易预计将持续到2026年。 对于上述消息，星巴克中国表示，暂无更多回应。 另据21世纪经济报道记者了解，对于"出售"中国业务，星巴克一直都在推进。除高瓴资本外，曾有相对 成熟的收购方，但因种种原因收购作罢。 "出售"推进 2024年11月，就有媒体报道称，星巴克有可能出售中国业务股权。今年3月，又有媒体报道称，KKR、 FountainVest（方源资本）、PAG（太盟投资集团）等多家私募基金有意收购星巴克中国业务股权。同 时，华润集团与美团亦被纳入潜在买家名单。 还要看到的是，星巴克从未直接否认前述报道。 "我们看到了未来几年在中国业务的巨大潜力，并对如何实现这种增长持开放态度。"2025年4月末，倪 睿安在最新财季的财报电话 ...