Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.
A new round of consolidation in China’s community grocery delivery market is wiping out all but the largest players.
A closer partnership with Alibaba may help Starbucks in its competition with Luckin.
Heytea started out in southern China’s Guangdong province in 2012 and later expanded to most tier-one and tier-two cities in China.
Growth guru Yang Fei says Luckin can make profits from free coffees
Covid-19 hit the VC market while it was down. But there’s one bright spot for startups—new rules on mainland exchanges are powering a wave of domestic IPOs.
China fined five community group-buy platforms for price dumping, the “she economy” is on the rise as modern Chinese women power growth.
Luckin backer reloads for another round of startups.
Beijing-based GSX is the latest US-listed Chinese firm facing close scrutiny in the wake of fraud disclosures from coffee chain Luckin and edtech peer TAL.
Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.