After Luckin touched off a short-selling bonanza, e-commerce and edtech are winning, but what about everyone else?
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.
The company said it operates 100% under the direct sales model and has not accepted franchising of any form.
With tech giants moving aggressively into new retail, the coffee market is reaching its boiling point.