China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.
The company said it operates 100% under the direct sales model and has not accepted franchising of any form.
ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.
A former tech executive who drinks three to five cups of coffee each day — perhaps at least two of them from Starbucks — Jenny Zhiya Qian must have asked herself: Why do people want coffees? People from Italy — where drinking coffee is considered a national lifestyle — might have a different answer from […]
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 […]
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.
Iqiyi is no Luckin. While the company has problems, a short report from Wolfpack Research accusing it of overstating users and revenue is not convincing.
With tech giants moving aggressively into new retail, the coffee market is reaching its boiling point.
JD.com’s logistics arm sets a price target for its IPO. Tencent, JD.com, and Alibaba’s new food recommendation app.
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.