The rumor about a possible tie-up between Starbucks and Alibaba-backed delivery service Ele.me has been around for a while. But it turns out that the partnership is much larger in scale than previously thought. The partnership will cover nearly every key business within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao, and Alipay.
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin scandal.
John and Matt discuss the power of examining first principles in an increasingly mobile-centric marketplace in the case of new coffee delivery startup Luckin (瑞亲) Coffee. Links Bringing Internet Business Model to the Coffee Industry, Will Luckin Coffee Threaten Starbucks? Starbucks is opening a store in China every 15 hours Starbucks uses China as a […]
A new round of consolidation in China’s community grocery delivery market is wiping out all but the largest players.
Starbucks has always had lots of competitors and China is no exception.
Heytea started out in southern China’s Guangdong province in 2012 and later expanded to most tier-one and tier-two cities in China.
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.
The company plans to raise $200 million in its IPO on Nasdaq.
The Starbucks delivery service, for now, is only available in 10 stores in Beijing and Shanghai respectively.
We’ve updated our list of top apps for living in China in 2020 to reflect how phone home screens have changed—and to think about what it says about the market.