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LUCKIN COFFEE
Caffeine clash: Starbucks slayer now brews a global coffee blendLuckin Coffee is looking to expand into Gulf countries with a focus on local tastes and preferences. The company's recent $1 billion invest...- Blue Tokai: India's small home roaster that brewed a multi-thousand-crore café businessBlue Tokai began with a 500-gram roaster in a Delhi home and grew into a multi-format coffee business spanning cafés, packaged beans, subsc...
- Temasek, ChrysCap brew up plans for Blue Tokai stake, put Rs 1000-1200 crore on the tableThe deal will value Blue Tokai chain at up to Rs 3,700 crore. This will be the largest round for the roasters so far, and will involve a co...
- From Nike to Starbucks, some American brands are losing aura in ChinaGlobal companies once relied on China for consistent growth and expansion. Economic challenges and strong local competitors now impact fore...
- As Luckin expands globally, can China’s coffee brand succeed where its soft power has struggled?China’s coffee boom is helping Luckin overtake Starbucks, with its low prices, app-based convenience and local flavours driving rapid growt...
- Temasek targets big jump in AI investments as value of portfolio hits record highTemasek, which owns stakes in Anthropic and OpenAI, also said its net portfolio value climbed to S$518 billion ($400 billion) last financia...
- Starbucks sells 60% stake in China business in $4 billion deal with BoyuStarbucks is partnering with Chinese firm Boyu Capital to expand its presence in China. Boyu Capital will acquire a majority stake in Starb...
- In China, global companies struggle as home-grown brands steal thunderGlobal giants are grappling with the complexities of the Chinese market. Economic downturns and tepid consumer spending are compelling bran...
- Starbucks' pain, Chinese Chain Luckin Coffee's gain in U.S.? From number of stores to taste - here is a comparisonStarbucks has more than 41,000 stores in the world. Luckin has more than 26,000 stores worldwide.
- Starbucks says it is not currently considering a full sale of its China operationsStarbucks is exploring options for its China business, engaging with potential buyers to assess interest in either a controlling or minorit...
- Starbucks lowers prices in China as rivals brew up discount warStarbucks China is set to reduce prices on select iced beverages by an average of 5 yuan, approximately $0.70, amidst escalating competitio...
- Which Chinese company is set to give Starbucks a run for its money as it plans to enter the U.S. with multiple outlets?Luckin Coffee, a rapidly expanding Chinese coffee chain that has surpassed Starbucks in China, is poised to enter the U.S. market, starting...
- Make room Starbucks, McDonald's. China's Mixue, other brands win fans in Southeast AsiaThe Chinese beverage giant Mixue Group has become the world's largest F and B chain by number of outlets, overtaking Starbucks and McDonald...
- KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources sayKKR & Co, Fountainvest Partners, and PAG are among those interested in acquiring a stake in Starbucks' China business, as the U.S. coffee c...
- Starbucks' better-than-expected results point to turnaround taking rootStarbucks reported a smaller-than-expected fall in first-quarter comparable sales, signaling early benefits from CEO Brian Niccol's revival...
- Starbucks weighs strategic partnerships for China operationsStarbucks is looking for ways to improve its business in China. The company is considering selling a part of its Chinese business to a loca...
- Starbucks brews up cheaper India drinks as domestic rivals expandAlthough Starbucks still dominates in India, rivalry is fizzing in the capital, New Delhi, and the technology hub of Bengaluru, where many ...
- China's Luckin Coffee to delist from NasdaqLiu has been accused of faking 2.2 billion yuan ($310 million) worth of sales in 2019.
- Short selling tests China's zeal for market reformShort sellers sell borrowed shares in the hope of buying them back when prices fall and pocketing the difference.
- There’s a long way to go before China Inc abandons US listingsIt will be a delicate balance for investors weighing between the risks, said Jingyi Pan.
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