Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
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Posted inUp and Comers
Coffee startup Luckin to extend discount drive despite losses
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Posted inUp and Comers
Coffee Box, another Starbucks challenger, raises RMB 200 million
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.
Posted inTurf Wars
After rumors of Starbucks coffee delivery, Luckin Coffee launches food delivery
China’s “new retail” startup Luckin Coffee announced today to accelerate and expand its business in light meals and snacks. The news comes just days after rumors that Luckin’s biggest competitor Starbucks is planning to deliver coffee with the help of Alibaba-owned food delivery platform Ele.me. During its press event on August 1st, Luckin introduced a price […]
Posted inTurf Wars
Chinese EV makers Nio and Lixiang deliveries double in April
The April sales figures from Lixiang could be an indicator for a V-shaped recovery in the world’s biggest EV market hit hard by a broader slump.
