China investment in Brazil pivots to retail, tech and services

SAO PAULO, Brazil: Chinese investment in Brazil is increasingly shifting toward consumer-facing sectors, as companies target the country's vast domestic market amid rising global trade tensions. 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.