Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
China fined five community group-buy platforms for price dumping, the “she economy” is on the rise as modern Chinese women power growth.
Trip.com debuts in Hong Kong for a secondary listing, Meituan is selling $10 billion in convertible debt to support its community group buy unit.
Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.
In translation from Ran Caijing, a look at how far China tech stocks plunged under the influence of the virus—and the few that rose.