Burning Cash Is Strategy of Choice for China’s Starbucks Rival

Source: Bloomberg Luckin Coffee’s plan may be risky approach for selling java IPO raised $561 million; shares surge in first day of trading A customer enters a Luckin Coffee outlet in Beijing.Photographer: Gilles Sabrie/Bloomberg The team behind Luckin Coffee Inc. is betting that what worked for them in car rentals will prove a success with … Read more

I got a laowai (老外) cup

I usually go for a cup of coffee after lunch at Secret Recipe near Zhang Jiang subway station before heading back to the office. Still, given that Secret Recipe was crowded on that day (January 31), I decided to go for a coffee at Starbucks. So far, this does not look unusual to the reader,, … Read more