CHINA BULLETIN: Factories Send Mixed Signals
In this week’s issue mixed manufacturing messages, China stocks in bull territory, and travelers stay closer to home. On a scale of 1 to 100, we give the week a…
NEWS WRAP: Luckin Coffee serves up a record-breaking 2023
The formerly scandal-tainted coffee chain added 8,000 new stores last year, making it China’s largest operator with 16,248 outlets By Teri Yu Luckin Coffee Inc. (LKNCY.US), the cheap coffee…
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…
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…
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…
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”?
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.