Coffee upstart Luckin raises $150 million in Series B+, valuation now $2.9 billion

A Luckin takeout order sits on a counter at one of the chain’s Shanghai stores…


Meituan downsizes fresh grocery business a year after launch

(Image credit: Meituan) Meituan is closing five offline Ella Supermarket stores…


Tencent invests in e-commerce platform Youzan to boost enterprise business

(Image credit: Youzan) Chinese e-commerce service provider Youzan announced on…


Luckin offers $6.7 million in assets as lease collateral, signaling money woes

A Luckin takeout order on a counter in a Shanghai store (Image credit: TechNode…


SF Express shutters grocery stores amid slowing e-commerce growth

(Image credit: SF Express) Chinese logistics company SF Express is shrinking…


Alibaba accuses Meituan CEO of libel for questioning founder's integrity

Wang Xing, Meituan founder and CEO (Image credit: Meituan). Following…


Luckin sets up QQ-themed store with Tencent to tap nostalgic Chinese millennials

Replica of Pony Ma's office desk in 1999 (Image credit: Luckin Coffee) Coffee…


From jail to java: How Luckin's CMO is hacking China's coffee market

(Image credit: TechNode/Shi Jiayi) Luckin Coffee, China’s convenience-focused…


Why JD is tripping up in new retail race

Entrance to a JD unmanned convenience store. (Image credit: Michael Norris) JD,…


Tencent's WeChat created 22 million job opportunities in 2018 - report

Social media platform WeChat created more than 22 million job opportunities in…