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Saturday 11 January 2025
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China

Companies

Luckin Coffee investigated by China’s top business and commerce regulator

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MILAN – Luckin Coffee Inc.confirmed Monday that it its being investigated by China’s top business and commerce regulator as its Nasdaq-listed shares continued to...

Starbucks teams up with Sequoia Capital to accelerate retail innovation in China

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MILAN – Starbucks on Monday unveiled a strategic partnership with leading investment firm, Sequoia Capital China to tap into China’s growing technology landscape. Through...

Starbucks expands plant-based products in China with Beyond Meat and Oatly

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SHANGHAI, People’s Republic of China — Starbucks is joining forces with plant-based innovators in China, Beyond Meat and Oatly, to continue its strategic focus...
Companies

Starbucks believes in China and announces state-of-the-art facilty in Kunshan

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MILAN – In a sign of hope for the future, Starbucks Coffee Company has announced an investment of approximately $130 million in China to...

Starbucks Ceo Kevin Johnson says 85% of China stores are back up and running

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MILAN – Starbucks has reopened most of its cafes in China, weeks after the coffee chain shut nearly half of its over 4,000 stores...
Companies

Coffee chains ramp up contactless pickup services in China to reduce contagion risks

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MILAN – In order to minimize the risks of contagion and keep their worker safe, McDonald’s, Starbucks and other fast food and coffee chains...
Companies

Here is why Luckin Coffee and Starbucks are not direct rivals in China

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MILAN — Shares of Luckin Coffee recovered slightly on Wednesday closing at 36.310, after losing more than a quarter of their market value due...

Coronavirus outbreak may undermine Luckin’s growth prospects in China

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MILAN – Luckin Coffee's stock has fallen as much as 24% from a peak of over $50 reached in mid-January amid concerns that the...

Starbucks posts 1Q EPS above expectations, fears impact of China’s virus outbreak

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MILAN – Starbucks on Tuesday reported quarterly earnings that beat Wall Street expectations and called the holiday season “one of the strongest” in its...

Luckin Coffee, Louis Dreyfus Company break ground for coffee roasting facility in China

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ROTTERDAM, The Netherlands – XIAMEN, China – Louis Dreyfus Company (LDC) and Luckin Coffee on Monday laid the foundation stone for their joint venture...
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