According to reports, Zhang Qing, the former CMO of Sam China, joined Boyu Capital to oversee Starbucks China's supply chain reforms, including seeking cooperation with other suppliers to reduce material costs. For example, paper cups, straws, and matcha powder will all be manufactured by Michelle Ice City. In response, people familiar with the matter said that Michelle Ice City has not received any orders related to the Starbucks business so far. Starbucks China, on the other hand, claims that it does not comment on market rumors and speculations, and that all businesses are operating normally.

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