分类： business

Mixue Ice Cream and Tea, the world’s largest fast-food chain by store count, is poised to open its first U.S. location in New York City. This move underscores the Chinese beverage giant’s ambitious global expansion strategy. With 46,479 stores worldwide, including 41,584 in China and a significant presence in Southeast Asia, Mixue is now targeting the lucrative U.S. market. The new store, located at 266 Canal Street in Tribeca, spans 195 square meters and is part of a 10-year lease agreement. While the exact opening date remains undisclosed, the store was still vacant as of September 22. The brand, known for its affordable offerings like bubble tea, ice cream, and coffee, has gained popularity among budget-conscious consumers, particularly students. Mixue’s success is attributed to its value-for-money pricing, rapid innovation, and strong digital engagement. The company’s expansion follows the footsteps of other Chinese brands like HeyTea and Luckin Coffee, which have also ventured into the U.S. market. Jacob Cooke, CEO of WPIC Marketing + Technologies, highlighted Mixue’s ability to connect with digital-native consumers through social-first marketing and viral content. Founded in 1997 by Zhang Hongchao, Mixue has grown from a small shaved ice stall in Zhengzhou to a global powerhouse valued at $8.1 billion. The company’s franchising model and innovative drink offerings, such as Mango Oats Jasmine Tea and Coconut Jelly Milk Tea, have fueled its rapid growth. As Mixue enters the U.S., it aims to challenge established brands like McDonald’s and Starbucks, leveraging its affordability and digital-savvy approach.

TOKYO — The past year has painted a paradoxical picture for the US dollar, leaving analysts divided on its trajectory. On one hand, the dollar remains a dominant force in global currency markets, with the latest data from the Bank for International Settlements (BIS) revealing its involvement in 89% of all foreign exchange transactions. This statistic underscores the dollar’s entrenched position as the world’s primary reserve currency, seemingly immune to challenges. On the other hand, the Chinese yuan’s growing influence, now accounting for 8.5% of global transactions, has sparked concerns about the dollar’s long-term supremacy. This rise in the yuan’s share is seen by some as a potential threat to Washington’s financial dominance. The situation is further complicated by the global foreign exchange market’s apparent indifference to the United States’ deteriorating economic fundamentals. Despite mounting debt, inflationary pressures, and political instability, traders continue to favor the dollar, highlighting its unique role in the global financial system. As the yuan gains traction, the question remains: Is the dollar’s hegemony unassailable, or is it on the brink of a gradual decline?

Japan is currently experiencing a significant shortage of Asahi products, including beer and bottled tea, as the global beverage giant struggles with the aftermath of a severe cyber-attack. The attack has disrupted Asahi’s ordering and delivery systems, forcing most of its factories in Japan to halt operations since Monday. This disruption has led to widespread supply chain issues, affecting both consumers and retailers across the country. Major convenience store chains, including FamilyMart and Lawson, have issued warnings to customers about potential shortages of Asahi products. FamilyMart, one of Japan’s largest convenience store chains, announced on Thursday that it has temporarily suspended orders and shipments of Asahi products, with no clear timeline for resumption. The retailer also expressed regret for the inconvenience caused and assured customers that it is collaborating with Asahi to restore product availability. Lawson, another prominent Japanese retailer, has similarly anticipated shortages and is preparing to stock alternative products to mitigate the impact on consumers. Asahi, Japan’s largest brewer and owner of international brands such as Peroni, Pilsner Urquell, and Grolsch, has confirmed that the cyber-attack has primarily affected its domestic operations. The company has assured that there is no evidence of a data breach involving customer information. However, the timeline for restoring normal operations remains uncertain as investigations into the cause of the attack continue. Japan accounts for approximately half of Asahi’s total sales, making the disruption particularly significant for the company. The incident underscores the growing vulnerability of global businesses to cyber threats and the potential impact on supply chains and consumer markets.

Elon Musk’s SpaceX, a cornerstone of U.S. aerospace and defense, has reportedly accepted direct investments from Chinese investors, according to recently unsealed court testimony. This revelation, disclosed during a legal case involving a major SpaceX investor, Iqbaljit Kahlon, has ignited fresh debates over foreign ownership in one of America’s most critical military contractors. While Chinese investment in U.S. defense contractors is not prohibited, it is tightly regulated due to national security implications. Kahlon’s testimony, though not detailing the extent or identities of the Chinese investors, confirms their presence on SpaceX’s capitalization table, a list of shareholders. This marks the first acknowledgment of direct Chinese investment in the privately held company, which has long kept its ownership structure under wraps. Previously, Chinese investors were known to hold indirect stakes in SpaceX through intermediary funds. The disclosure has raised alarms among national security experts, who warn that such investments could provide China with access to sensitive information, potentially compromising U.S. security. SpaceX, which has secured significant government contracts, including those with NASA and the Pentagon, has not commented on the matter. The testimony emerged from a Delaware court case involving Kahlon, who has facilitated investments in SpaceX for wealthy individuals worldwide, including those from China. The U.S. government’s growing concerns over Chinese investments in sensitive industries have led to increased scrutiny, with House Democrats urging the Department of Defense to investigate SpaceX’s investment practices. Despite these concerns, SpaceX’s valuation continues to soar, with Musk’s 42% stake estimated at $168 billion, solidifying his position among the world’s wealthiest individuals.

China’s equity markets have experienced one of their most significant rallies in recent years, with a combined market capitalization increase exceeding US$3 trillion across mainland China and Hong Kong. The CSI 300 index has soared by approximately 16% in 2025, while technology indices have reached their highest levels in a decade. This surge is primarily driven by retail investors, who, bolstered by substantial savings and state-backed liquidity support, are leading the charge. Despite slowing industrial output growth and underwhelming retail sales figures, investors are focusing on China’s long-term economic transformation, shifting away from property dependence toward innovation, advanced manufacturing, and green technology. This rally is distinct from previous speculative cycles, reflecting a deeper confidence in structural reforms and the government’s strategic direction. Individual investors dominate trading volumes, accounting for nearly 90% of daily flows, while Beijing’s efforts to deepen capital markets through policy support and foreign participation are further fueling the momentum. Although certain sectors, such as biotech and AI-linked firms, appear overvalued, the overall rally is seen as a sign of capital aggressively seeking exposure to China’s future economic drivers. The state’s active role in guiding this transition underscores the rally’s sustainability, with measures like widening access to stock options and strengthening market infrastructure laying the groundwork for long-term institutional participation. While caution is advised due to macroeconomic uncertainties and external pressures, the rally signals investors’ belief in China’s ability to reinvent its growth model. If reforms translate into tangible results, this surge could mark the early stages of a transformative economic evolution.