By Luciana Magalhaes
SAO PAULO, April 11 (Reuters) - For Chinese ice cream and beverage chain Mixue, which already has more stores than Starbucks or McDonald's, a cheerful snowman mascot on Sao Paulo's most famous avenue signals a new phase of its global expansion.
Mixue's first Brazilian location, opening on Saturday, marks the brand's arrival in South America amid a fresh tide of Chinese investment, building on economic ties that have already displaced the U.S. as the continent's top trading partner.
But unlike prior waves of capital spending that Beijing steered to Brazil, concentrated on a handful of huge hydropower dams and oil projects, an array of Chinese businesses are now courting the country's more than 200 million consumers.
The focus on expanding foreign markets for Chinese goods comes as Beijing confronts rising trade barriers in the United States, long the main consumer of its world-topping exports.
Chinese direct investment doubled to $4.2 billion in 2024 across 39 projects in Brazil, making it the world's third-largest recipient of Chinese investment https://www.reuters.com/business/autos-transportation/chinese-investment-doubles-brazil-jumping-no-3-destination-2025-09-04/, according to the latest available data from the Brazil-China Business Council.
Adding to the surge, Mixue plans to invest around 3 billion reais ($590 million) to start selling lemonade, jasmine tea and ice cream treats in South America's largest economy under the banner of a cartoon snowman at odds with the tropical climate.
Mixue aims to open between 500 and 1,000 stores in the country by 2030, including franchisees, Mixue Brazil CEO Tian Zezhong said.
The fast-food chain joins Chinese firms ranging from delivery apps, electric vehicle makers and consumer electronics firms betting on Brazilian consumers who have warmed to Chinese brands considered competitive on both price and quality.
"Once you start buying Chinese products, it's very hard to switch back to others because of the value for money, the quality, and how they stand out in terms of design and delivery," said 30-year-old Bianca Gunes, strolling past Mixue's new Brazilian store at the Shopping Cidade Sao Paulo.
HIGH-TECH TASTES
Chinese electronics maker Huawei commands a prime location at the entrance of the same mall. After nearly three decades in the country, Huawei opened its first store in Sao Paulo last year, recognizing Brazilians' demand for hands-on shopping experiences, said the company's consumer business PR manager in Brazil, Diego Marcel.
"The Brazilian consumers really like technology. They like it, but they are also very demanding," said Ricardo Bastos, head of institutional affairs at Chinese automaker GWM, which opened its first South American plant in Sao Paulo state last year.
Both GWM and Chinese peer BYD bought Brazilian factories from Western rivals in recent years and are retooling them for electric and hybrid vehicle production.
GWM's plant at a former Mercedes-Benz facility is set to receive 10 billion reais in investment over a decade.
Executives say Brazil-China ties are benefitting from both a push and a pull. Geopolitical tensions have steered Chinese investment away from the United States, while Brazil's President Luiz Inacio Lula da Silva hails relations with China at an all time high https://www.reuters.com/world/xi-lula-step-up-meetings-firming-china-brazil-ties-with-eyes-trump-2025-04-11/.
"President (Lula) convinced our CEO that Brazil would be open to our investment," BYD's senior vice president Alexandre Baldy told Reuters in a February interview https://www.reuters.com/sustainability/sustainable-finance-reporting/byd-shifts-local-parts-brazil-factory-bid-market-leadership-2026-02-05/. "From there, of course, the company, being a private, publicly-traded firm, took off through its own execution capabilities."
Brazil's government is also looking to import advances in healthcare, where China has showcased new applications for artificial intelligence. Health Minister Alexandre Padilha told Reuters he went to Shanghai, Shenzhen and Chengdu last month in search of possible partnerships, investments and tech transfers.
While Brazilians have gotten used to low prices and long delivery times for Chinese e-commerce sites like AliExpress and clothing retailer Shein https://www.reuters.com/business/retail-consumer/shein-tried-turn-brazil-into-production-hub-local-factories-walked-away-2026-02-04/, new entrant Meituan is betting it can shake up Brazil's crowded meal delivery market.
The company aims to invest $1 billion by 2030 to challenge a field including Amazon partner Rappi and iFood, owned by Dutch firm Prosus.
($1 = 5.098 reais)
(Reporting by Luciana MagalhaesEditing by Brad Haynes and Alistair Bell)
