Michael Norris from Agency China talks earnings. They go over the quarterly reports from Alibaba, JD, and Tencent, as well as Luckin Coffee’s very impressive report, which sent their stock soaring.
Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.
This is the first time Luckin has sold branded merchandise as it evolves its marketing and branding strategy.
Luckin’s announcement comes amid its escalating battle with Starbuck for China’s caffeinated drink lovers.
A look at the stories and trends of 2018, including gaming restrictions, Tencent’s restructuring, the delivery and coffee wars, WeChat mini programs, and Bullet Messenger.