A new round of consolidation in China’s community grocery delivery market is wiping out all but the largest players.
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Posted inUp and Comers
Suning testing coffee, tea offerings in Xiaodian convenience stores
Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.
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 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 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.
Posted inHeavy Hitters
Trip.com IPO, $10 billion for Meituan’s community group buy: Retailheads
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.
Posted inViews
CHINA VOICES | The rise of China’s cheese tea pioneer
HeyTea is well-positioned to hold its own in China’s beverage sector amid competition from Starbucks and Luckin.
