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
In uncertain times, Nayuki bets on enduring consumer taste for premium tea
The leading maker of milk tea aims to boost its store network by 40% in the second half of this year, taking advantage of favorable rents and locations in China’s…
2150.HK
Luckin continues percolating back from disgrace with breakneck expansion
The coffee chain operator opened a new store every 1.9 hours in the first quarter, boosting its revenue by 85% during the period Key Takeaways: Luckin’s revenue surged 85% in…
LKNCY.US
