Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.
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Posted inHeavy Hitters
The Big Sell | China’s grocery delivery fever is cooling down
A new round of consolidation in China’s community grocery delivery market is wiping out all but the largest players.
Posted inHeavy Hitters
Starbucks aligns further with Alibaba in Tmall Genie voice ordering feature
A closer partnership with Alibaba may help Starbucks in its competition with Luckin.
Posted inOn the Cusp
Tea is the new coffee: Bubble tea chain gets $2.3 billion valuation
Heytea started out in southern China’s Guangdong province in 2012 and later expanded to most tier-one and tier-two cities in China.
Posted inViews
From jail to java: How Luckin’s CMO is hacking China’s coffee market
Growth guru Yang Fei says Luckin can make profits from free coffees
Posted inThe Numbers
VC roundup: China’s little funding ice age
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.
Posted inWith Chinese Characteristics
Community group-buy firms fined, women boost consumption: Retailheads
China fined five community group-buy platforms for price dumping, the “she economy” is on the rise as modern Chinese women power growth.
Posted inThe Numbers
Joy Capital closes over $700 million new fund for TMT and consumption
Luckin backer reloads for another round of startups.
Posted inOn the Cusp
Short seller says China edtech firm GSX inflated revenue by 70%
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.
Posted inWith Chinese Characteristics
China tech stocks bounce back after virus outbreak losses
Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.
