Luckin Coffee profits get added kick from liquor-laced lattes
With a boozy new brew, the once scandal-tainted coffee chain has boosted its quarterly earnings and store numbers despite a brutal price war Key Takeaways: Luckin Coffee’s revenue and profit…
LKNCY.US
CHINA BULLETIN: More Trade Contraction
In this week’s issue exports keep falling, another new chip fund and China’s answer to Irish coffee. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
FAST NEWS: Luckin’s operating profit surges on rapid expansion
The latest: Chinese coffee chain operator Luckin Coffee Inc. (LKNCY.US) announced Tuesday that its revenue in the second quarter jumped 88% year-on-year to 6.2 billion yuan ($870 million), while its…
LKNCY.US
CHINA BULLETIN: Top U.S. Diplomat, Banker Plot First Post-Covid China Trips
In this week’s issue Antony Blinken hopes to call on Beijing, May Day travelers return to the road, and Luckin’s disgraced co-founders return to the coffee business. On a scale of 1 to 100, we give the week a 60 for offshore-listed China stocks.
Ex-Luckin duo brew up new Cotti coffee brand after sales scandal
Charles Lu and Jenny Qian, Luckin executives who were ousted in a finance scandal, are back in the coffee business with a fast-growing chain of new stores Key Takeaways: Cotti…
LKNCY.US
FAST NEWS: Luckin Coffee Denies Hong Kong Listing Plan
The latest: Chinese coffee chain Luckin Coffee Inc. (LKNCY.US) said in a statement Monday that it is not seeking a Hong Kong listing at this time, refuting a media report…
FAST NEWS: Luckin Coffee Emerges From Bankruptcy
The latest: Starbucks challenger Luckin Coffee (LKNCY.US), which roiled markets in 2020 when it admitted to massive accounting fraud, announced on Monday it has officially emerged from a bankruptcy reorganization.…
