Illustration of Luckin and Costa coffee being tasted

Luckin Coffee eyes global leap as China’s Double 11 loses its luster

Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Miniso, which mainly operates small chain stores selling stationery, toys and other low-priced goods, has been expanding its overseas markets from China in recent years.

FAST NEWS: Miniso shares plummet on Yonghui stake purchase

The Latest: Novelty store operator Miniso Group (MNSO.US; 9896.HK) on Monday announced it has agreed to buy 29.4% of China’s second-largest supermarket operator Yonghui Superstores (601933.SH) from Dairy Farm and JD.com (JD.US;…