Core Viewpoint - PingPong has announced a strategic partnership with the well-known domestic tea brand Yihotang to enhance its global expansion and overseas market penetration through integrated payment and fund management services [1] Group 1: Company Overview - Yihotang has been in the tea beverage industry for 13 years, covering 28 provincial-level administrative regions and over 300 cities in China [1] - The brand has signed contracts for over 8,000 stores globally and serves more than 1 billion consumers annually, with a loyal membership base of 75 million [1] - Yihotang has achieved over 80% coverage in national universities [1] Group 2: Strategic Partnership Details - The collaboration with PingPong will focus on addressing payment scenario adaptations for overseas stores and improving cross-border fund management efficiency [1] - PingPong will leverage its localized payment network in Southeast Asia and global fund management capabilities to support Yihotang's international strategy [1] - Since initiating its international strategy, Yihotang has opened over 60 stores in key Southeast Asian markets such as Thailand, Vietnam, and Malaysia [1]