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
Nayuki brews up traditional teahouse concept
The premium tea seller opened its first teahouse concept store in Shenzhen over the weekend, serving traditional-style teas and snacks at affordable prices Key Takeaways: Nayuki is experimenting with a…
2150.HK
Luckin ignites China-style ‘coffee war’ with fiery Moutai latte
The formerly scandal-tainted company’s shares rose 5% after its launch of a new drink co-branded with China’s most famous traditional liquor maker Key Takeaways: Luckin Coffee launched a fiery latte…
LKNCY.US
PODCAST: China’s coffee comeback kid passes new milestone, and Miniso launches dividend policy
The unlikely comeback for scandal-tainted coffee chain Luckin marches on, as the company passed rival Starbucks in revenues for their China business. But is Luckin expanding too quickly? And low-cost retailer Miniso announces a dividend policy, saying it will return 50% or more of its profits to shareholders. Will more new economy Chinese companies follow suit as investors lose interest such stocks simply for the “China growth story”?
LKNCY.US
MNSO.US
CHINA BULLETIN: Mixed Messages in July PMI
In this week’s issue mixed PMI messages, a new data regulator and a coffee rebound. On a scale of 1 to 100, we give the week a 55 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
‘Sauerkraut Fish’ king flies back from Covid, as trendy tresses show signs of fading
Jiumaojiu’s revenue jumped more than 50% in the first half of the year, as its business returned to normal and it continued its rapid expansion Key Takeaways: Jiumoajiu’s revenue…
9922.HK
