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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.

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.

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