Luckin Coffee Stages Remarkable Comeback, Overtakes Starbucks In China
Luckin Coffee (OTC:LKNCY), the Chinese coffee chain, has made a remarkable recovery after a major accounting scandal in 2020. The company has not only survived but has also emerged as a fierce competi
Brazil's vice president visits Luckin Coffee's Peking store and speaks highly of Luckin's high-quality coffee products.
On June 5th, the China-Brazil Business Symposium was held in Beijing. As the main leader of the Brazilian delegation attending this meeting, Geraldo Alckmin, Brazil's Vice President and Minister of Development, Industry, Trade and Services, met with Luckin Coffee Chairman and CEO Guo Jinyi for communication. At the meeting, Guo Jinyi signed a Memorandum of Cooperation with the representative of the Brazilian Export and Investment Promotion Bureau on behalf of Luckin Coffee. Witnessed by high-level leaders from both China and Brazil, Luckin Coffee and partners signed an "Intent for Cooperation in Purchasing Coffee in Brazil by Luckin Coffee and Multiple Suppliers" (hereinafter referred to as "
Huaan Securities: The emergence of 10 billion brands of ready-made tea drinks, the ultimate cost performance ratio, bucked the trend and sank, and went overseas as two major increases
The Zhitong Finance App learned that Huaan Securities released a research report that believes that behind the emergence of a number of 10 billion brands is the rise of extreme cost performance against the trend, and the polarization between affordable and expensive prices.
Is Starbucks's China Strategy On The Rocks? New Actions Spark Scrutiny
Starbucks Corp's (NASDAQ:SBUX) recent moves in China have raised eyebrows among investors.
Luckin Coffee Inc. Announces Change to Board of Directors
BEIJING, May 23, 2024 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced a change to the Board of Directors (the "Board"). The Board previously re
Express News | Market news: Dacheng Capital is considering introducing new investors for Lucky Coffee.
Dry weather impacts major producers, and the global supply of Robusta coffee beans will be in short supply for the fourth year in a row
Volcafe, one of the world's top coffee traders, anticipates that Robusta coffee beans used for instant coffee will be in short supply for the fourth consecutive year in the future as Vietnam, a major producer, continues to face dry weather.
Peking University Medical Lucky Coffee Health Innovation Center officially unveiled, opening a new chapter of win-win cooperation
On May 9, 2024, Lucky Coffee and Peking University Medical School jointly unveiled the “Peking University Medical Lucky Coffee Health Innovation Base”. The two sides announced that they will conduct in-depth research cooperation in the field of coffee health. Guo Jinyi, co-founder, chairman and CEO of Lucky Coffee; Yang Fei, co-founder and chief growth officer of Lucky Coffee; Academician Qiao Jie, Peking University Executive Vice President and Medical Director; Xiao Yuan, Deputy Director of the Medical Department; Wan You, Party Secretary of Peking University School of Basic Medicine; and Kong Wei, Director of Peking University School of Basic Medicine, attended. The base will be dedicated to promoting education and research in the field of coffee health by providing internships and practical opportunities and settings
Express News | The product was revealed to have mold in ice cubes Ruixing: We take it very seriously and have carried out internal inspections as soon as possible
Vietnam's coffee drought warning, there are still concerns after Robusta prices plummeted
Vietnam, the world's largest producer of robusta beans, still needs more rainfall to ease the drought conditions in coffee growing regions.
US stocks close | Tech stocks support US stocks! The NASDAQ rose more than 1%, S&P recorded the biggest three-day increase in nearly half a year, and Nvidia rose nearly 4%
US bond yields broke away from a three-week low, and two-year yields rose for the first time in four days. The US dollar index stopped falling three times in a row and broke out of its low level for more than three weeks.
Tight supply intensifies, the price of Robusta coffee beans climbed to a 45-year high
According to data from the International Coffee Organization, the price of Robusta beans has climbed to its highest level in 45 years due to the growing tight supply of coffee bean varieties used in espresso and instant drinks.
Express News | Lucky Coffee's case against Shenzhou Uche opens
Express News | Direct access to Omaha | Interview with Mario Gabelli: I'm buying this kind of Chinese company!
Lucky returned to losses, Starbucks rarely plummeted, and competition in the Q1 coffee industry heated up in 2024?
Soon after the earnings report was released, “Lucky's 9.9 yuan campaign shrinks again” and other related topics once again appeared on social media hot lists. Starbucks China is actively adapting to the pace of competition in the domestic coffee industry. For example, they continue to lay out low-tier cities in China, but they still have no intention of participating in a price war.
Luckin Coffee Unveils Sumatra Gayo SOE, Endorsed by World Barista Champion
SINGAPORE, May 3, 2024 /PRNewswire/ -- Luckin Coffee debuted its latest Single Origin Espresso (SOE), the Luckin Black Cup Sumatra Gayo series, today, inviting coffee aficionados to savour its exceptional taste and distinctive flavour.
Starbucks Shares Plunge After Sales, Earnings Miss -- Update
By Heather Haddon Starbucks's chief executive is pledging a turnaround after the coffee giant reported a sharp slowdown in visits and weaker-than-expected sales and profit in the latest quarter. Sha
Starbucks Falls Short on Sales, Earnings as Challenges Mount -- WSJ
By Heather Haddon Starbucks's chief executive is pledging a turnaround after the coffee giant reported a sharp slowdown in visits and weaker-than-expected sales and profit in the latest quarter. Cha
Earnings Call Summary | Luckin Coffee(LKNCY.US) Q1 2024 Earnings Conference
The following is a summary of the Luckin Coffee Inc. (LKNCY) Q1 2024 Earnings Call Transcript:Financial Performance:Luckin Coffee reported Q1 2024 revenue of RMB6.28 billion, a substantial 41.5% growt
US Stock Outlook | Expectations of interest rate cuts continue to cool down, and the three major indices weaken slightly; Lilly soared by nearly 7% before the market, and the company raised its full-year revenue guidelines
Goldman Sachs: US inflation is still falling, the election is not critical to the Federal Reserve, and interest rate hikes are unlikely; Tesla has begun a new round of layoffs: firing two executives and cutting about 500 people in the supercharging department.
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