# ChaPanda

The Great Convergence: Luckin and Mixue Blur the Lines in China’s Beverage Wars

China's leading beverage brands are abandoning product specialization to become 'all-day' drink providers, with Luckin Coffee's tea sales hitting 20 billion RMB while tea giants like Mixue invest heavily in coffee infrastructure. This strategic convergence is a response to market saturation and falling same-store sales growth across the industry.