Michael Norris comes on to discuss the dramatic market correction as well as recent earnings
Elite boards that can overrule the board of directors are the latest fad in Chinese tech corporate governance.
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.
A closer partnership with Alibaba may help Starbucks in its competition with Luckin.
Freshippo’s logistical capabilities complement Starbucks’ core business to attract consumers who are increasingly turning to delivery.
Tech stocks are down following an epidemic. Luckin Coffee’s stock has suffered the most, as mask manufacturers’ share prices rise.
Michael Norris, research and strategy manager at AgencyChina, joins the podcast to look how Alibaba is dominating new retail in 2019.
The Starbucks delivery service, for now, is only available in 10 stores in Beijing and Shanghai respectively.
Starbucks partnered up with Alibaba in August hoping to tap into China’s red-hot on-demand delivery market.
Alibaba Local Services Company is embracing “new retail” to fend off competitors such as Tencent-backed Meituan.