At noon on August 12, according to media reports, Zhang Qing, the former chief procurement officer of Sam China, has recently joined Boyu Capital as an operating partner, and will participate in the business operations of Boyu's joint venture with Starbucks China. The report said that Zhang Qing recently began planning strategies related to Starbucks supply chain transformation. Among them, the baking part of Starbucks China will be manufactured by Yum China, and the paper cups, straws, and matcha powder will be manufactured by Michelle Ice City. As of press release, Yum China has yet to respond officially to this news.

At noon on August 12, according to media reports, Zhang Qing, the former chief procurement officer of Sam China, has recently joined Boyu Capital as an operating partner, and will participate in the business operations of Boyu's joint venture with Starbucks China. The report said that Zhang Qing recently began planning strategies related to Starbucks supply chain transformation. Among them, the baking part of Starbucks China will be manufactured by Yum China, and the paper cups, straws, and matcha powder will be manufactured by Michelle Ice City. As of press release, Yum China has yet to respond officially to this news.