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<  Non-Yao stuff  ~  Luckin Coffee suing Starbucks for unfair competition

PostPosted: Thu Dec 20, 2018 3:31 am
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm
tamerlane wrote:
Quote:

Quote:
People like pryuen are hooked on coffee from Mcdonalds. Now Luckin coffee represents new investment scheme as the Chinese are drinking coffee with Chinese style pastries.


Canto, Chinese drinking coffee with Chinese style pastries. That is precisely replacing tea with coffee culture. I never had dim sum with coffee ever. It's called Yum Cha.


butters isn’t talking about Chinese pastries like egg tarts or almond pastries. When he says CHINESE he means WESTERN PASTRIES that Taiwanese have copied from a Japanese and opened in China. It being copied in China makes it “Chinese”

butters ideal “China” is a young canto sitting in 85C eating a cheese danish drinking his luckin coffee snapping pix with his iPhone making a Korean finger hearts trying to impress some factory worker girl at the next table.

paying for it all on an apple pay clone that the government is monitoring


to butters sitting at home with friends drinking tea is useless and does nothing to “catch up” with the US, it’s hopelessly Chinese and not the “good Chinese” of copying/passing the West but just Chinese like grandma and pryuen

Tea is necessary with Chinese food because Chinese food is greasy and tea cuts that. smh @ butters with a paper coffee cup in his hand in Ottawa trying to wash down his USA Panera fast food sandwich


wahahahaha, Chinese like pryuen use Huawei and Xiaomi smartphones, as both Apple and Samsung smartphones are irrelevant in the Chinese world. By Chinese pastries we mean fluffy pork tarts and scallion jianbing, all paid for using AliPay or Wechat pay.

turdchin knows nothing about Chinese pastries and should STFU.


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PostPosted: Sat Dec 22, 2018 5:53 am
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm
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PostPosted: Thu Jan 03, 2019 5:08 pm
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm
https://www.scmp.com/tech/start-ups/art ... sidies-win

China’s loss-making start-up Luckin Coffee doubles down on subsidies to win customers from Starbucks

Luckin plans to add about 2,500 new stores this year, increasing its total number of outlets to more than 4,500

PUBLISHED : Friday, 04 January, 2019, 6:03am
UPDATED : Friday, 04 January, 2019, 6:02am
COMMENTS:


Sarah Dai
Sarah Dai

sarah.dai@scmp.com

China’s Starbucks challenger Luckin Coffee vows to maintain subsidies even as losses mount
Beijing. Photo: AFP

Luckin Coffee, the loss-making challenger to Starbucks, is doubling down on its store expansion and consumer subsidies this year, with plans to open about 2,500 new outlets in the world’s most populous nation.

SCMP TODAY: HK EDITION

That would bring the Xiamen-based start-up’s total number of stores in the country to more than 4,500, according to company co-founder and chief executive Qian Zhiya at a press briefing in Beijing on Thursday. It would also overtake Starbucks’ current total of about 3,600 stores across China.

“Luckin aims to become China’s biggest coffee chain brand by the year end, totally surpassing Starbucks by cups of coffee sold and number of shops,” Qian said.

China’s Starbucks challenger Luckin Coffee vows to maintain subsidies even as losses mount

Founded in 2017 as a coffee-and-bakery chain, Luckin has had an espresso-charged start in terms of store expansion, fuelled by consumer subsidies and growing demand for coffee in a country that traditionally preferred drinking tea.

“Subsidy will remain as one of our core strategies, at least in the next three to five years,” Luckin chief marketing officer Yang Fei said in the same briefing. “Our investors are not the least concerned. On the contrary, they believe we are being too conservative.”

The store expansion of Luckin, which is valued at US$2.2 billion, comes after its tie-up with Meituan Dianping to deliver coffee and other food products through the Chinese on-demand services giant’s nationwide delivery network.

Meituan to team up with China Starbucks challenger Luckin Coffee on delivery services

That rivals a partnership formed in August between Starbucks and Ele.me, the food delivery arm of Alibaba Group Holding – parent company of the South China Morning Post.

A Starbucks China spokesman said on Thursday that the company welcomes competition and believes there is plenty of room for independent stores and chains to grow and thrive in China. Starbucks plans to open 600 stores annually in China over the next four years, targeting more than 6,000 outlets in 230 cities, he said.

Luckin’s expansion plan reflects the well-trodden path taken by China’s on-demand internet service providers, which offer subsidies to quickly gain a critical mass of customers. It is used by Didi Chuxing in the ride-hailing market, the likes of Ofo and Mobike in the bike-sharing sector, and by Meituan in its ongoing battle with Ele.me in food delivery.

It’s ‘Luckin’ good as Chinese Starbucks challenger sees valuation double with another US$200 million

“Luckin will not stop subsidies, and neither should our competitors expect us to stop,” Yang said.

The price for a large cup of latte coffee at Luckin is 24 yuan (US$3.50), which is about 20 per cent cheaper than a comparable order at Starbucks. Luckin also offers a free drink for any delivery order that is spilled or does not arrive within half an hour.

“Profitability is off discussion at this stage,” Yang said. “What we see is [growing] speed and user scale.”

Luckin, however, confirmed last month that consumer subsidies had resulted in more than 850 million yuan in losses from January to September last year. It estimated having more than 12 million customers and nearly 90 million cups of coffee sold as of December.


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PostPosted: Thu Jan 03, 2019 7:01 pm
Posts: 2000Joined: Sun Jul 10, 2005 10:11 pm
Never mind butters obsession with Luckin Coffee

What is SCMP deal with Luckin??? Doesh Alibaba as shares in Luckin???

Too much non news to get so excited over a coffee chain

or SCMP canto


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PostPosted: Thu Jan 03, 2019 8:17 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
hopper wrote:
Never mind butters obsession with Luckin Coffee

What is SCMP deal with Luckin??? Doesh Alibaba as shares in Luckin???

Too much non news to get so excited over a coffee chain

or SCMP canto


Alibaba had teamed up with Starbuck while Tencent is with Luckin.

https://www.techinasia.com/talk/starbuc ... kin-coffee


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PostPosted: Fri Jan 04, 2019 2:53 am
Posts: 2000Joined: Sun Jul 10, 2005 10:11 pm
Quote:
Alibaba had teamed up with Starbuck while Tencent is with Luckin.

https://www.techinasia.com/talk/starbuc ... kin-coffee


Thanks, I was just curious.

SCMP is own by Alibaba

I just thought that SCMP is way too obsessed with Luckin reporting


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PostPosted: Fri Jan 04, 2019 10:06 am
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm
pryuen wrote:
hopper wrote:
Never mind butters obsession with Luckin Coffee

What is SCMP deal with Luckin??? Doesh Alibaba as shares in Luckin???

Too much non news to get so excited over a coffee chain

or SCMP canto


Alibaba had teamed up with Starbuck while Tencent is with Luckin.

https://www.techinasia.com/talk/starbuc ... kin-coffee

pryuen do you have any reviews of your Luckin coffee on Meituan Dianping yet?
Luckin coffee 4500 store are catching the attention of all coffee drinkers.


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PostPosted: Tue Jan 08, 2019 7:18 pm
User avatarPosts: 59329Location: Hong Kong/ChinaJoined: Tue Feb 25, 2003 5:13 am
superjohn wrote:

pryuen do you have any reviews of your Luckin coffee on Meituan Dianping yet?
Luckin coffee 4500 store are catching the attention of all coffee drinkers.


Image

FVCK YOU THOUSAND TIMES 屌你祖宗十八代几千次 !!! :twisted: :evil: :twisted:

YOU ANNOYING IDIOTIC PERVERT CANTO FENQING 极之令人讨厌变态笨七粪青 !!! :twisted: :evil: :twisted:


YOU REALLY GOT FVCKING NOTHING TO DO EXCEPT COMING INTO THIS FORUM TO TROLL !!! :roll: :roll: :roll:

EVER TIRED OF SUCH TROLLING AND GOT THE MIDDLE FINGER FROM ME EVERY DAY ??? :twisted: :evil: :twisted:

WHY DON'T YOU JUST STFU, GTFO AND JUST GO TO DIE ??? YOU ATTENTION-WHORISH PERVERTIC CANTO BUTT-TROLL !!!! :twisted: :evil: :twisted:

Image


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PostPosted: Fri Jan 18, 2019 3:40 am
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm

https://www.reuters.com/article/us-chin ... SKCN1OX0BY


Pei Li, Adam Jourdan
3 MIN READ

BEIJING (Reuters) - Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp (SBUX.O) as the largest coffee chain by number of outlets in the world’s second-biggest economy, it said on Thursday.

Men check their mobile phones outside a Luckin Coffee store in Beijing, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Jason Lee
The firm, which only officially launched its business at the start of last year, has expanded at breakneck speed, propelled by a focus on technology, delivery, and heavy discounting even at the cost of mounting losses.

“What we want at the moment is scale and speed,” Luckin’s chief marketing officer, Yang Fei, told reporters on Thursday at a presentation in Beijing.

SPONSORED


“There’s no point talking about profit,” he said, adding that subsidies to lure in more users would be an important part of the firm’s strategy for the next few years.

Luckin said it was targeting a total of more than 4,500 stores by the end of 2019, which would take it past Seattle-based Starbucks that has long dominated China’s coffee scene and has over 3,600 stores in the country.


Luckin’s caffeine-fuelled expansion is in stark contrast to Starbucks, which opened its first China store in 1999 and has spent two decades reaching its current store count.


The U.S. chain, which spearheaded the growth of a coffee culture in China, started to see competition rise from smaller peers over the last 18 months, though Luckin has stood out as the most aggressive competitor.

But Luckin’s rise has not come cheaply.

The firm recorded a loss of 800 million yuan ($116.34 million) last year, which its chief marketing officer said was in line with expectations as it pushed to expand.

Luckin, backed by Singapore sovereign wealth fund GIC Pte Ltd and China International Capital Corp Ltd (3908.HK), opened more than 2,000 locations in the last year, gaining a valuation of $2.2 billion after raising $200 million in a funding round last month.

UK Lotus cars to be 'Made in China' at new Geely plant - documents
The firm’s chief executive, Qian Zhiya, told Reuters last year that Luckin aimed to outnumber Starbucks in China.

Reuters previously reported that Luckin was also in early-stage talks with investment banks about an overseas initial public offering. The firm, however, declined to answer questions about IPO plans on Thursday.

Reporting by Pei Li and Adam Jourdan; Editing by Christopher Cushing and Himani Sarkar


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PostPosted: Wed Feb 13, 2019 6:46 pm
Posts: 18117Joined: Thu Jul 03, 2003 1:31 pm
https://technode.com/2019/02/13/luckin-coffee-18-new-cities/

FEB 13, 2019|IN HEAVY HITTERS, TURF WARS|BY EMMA LEE

Chinese Starbucks rival Luckin Coffee expands in 18 more cities by April-Pingwest

What happened: Chinese coffee chain startup Luckin has announced that it’s going to enter 18 more cities by the end of April this year, aiming for a total number 40 operating cities since its launch in January last year. The company just kicked off operations in Changzhou, Foshan, and Yangzhou in January. There are 15 more cities to open, most of which are second-tier cities.

Why it’s important: The one-year-old coffee chain startup is speeding up its store expansion this year in an ambitious goal to overtake Starbucks in China. Counting 22 cities in which Luckin opened outlets over last year, the Xiamen-based company expects to fulfill a majority of last year’s goal within only four months in 2019. Already taken first-tier cities, the competition among the two coffee chain rivals is expanding to second-and third-tier cities in China. The firm announced in early January the goal to open more than 2,500 new shops, thus pushing the total number of coffee shops of 4,500 by the end of the year. It’s important to note, however, that Luckin operates a variety of store types, including dark stores and pick-up only stores with smaller footprints than traditional coffee shops.


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