Topics
Fraud at Luckin
The Chinese Starbucks rival has been in hot water after revealing that it inflated its sales by $310 million in 2019. That scandal has dealt a fresh blow to the reputation of Chinese stocks in the U.S.
Weekly Must-Read: How China’s Growing Gig Economy Has Left a Generation Adrift
‘Flexible workers’ make up an estimated 27% of the country’s total employed population, creating a new class of employment defined by instability and anxiety that the government is just starting to address
CX Daily: With 4.5%-5% Growth Target, China Aims to Create Space for Reform
In a report, Premier Li Qiang outlined priorities including boosting domestic demand and stabilizing the property market
Luckin-Backer Centurium Capital to Buy Blue Bottle Coffee From Nestlé
The private equity firm is snapping up the upscale U.S. coffee chain for less than $400 million, Caixin has learned
CX Daily: China’s Sweeping Banking Law Rewrite Targets Hidden Risks
Draft amendment would extend regulatory power beyond lenders
Luckin Coffee Profit Falls as Delivery Costs Jump
Fourth-quarter earnings and same-store sales were hurt by ‘a combination of factors including seasonality and changes in food delivery platform subsidy dynamics,’ CEO says
Alibaba AI App Crashes After 3 Billion Yuan Giveaway Sparks Frenzy
A milk-tea voucher campaign meant to popularize Alibaba’s AI chatbot instead strained systems and swamped shops nationwide
In China’s Coffee Price War, Cotti Lowers the Heat
The Chinese chain rolls back a popular ‘9.9 yuan unlimited’ promotion as regulatory pressure and shrinking margins take their toll
Year in Review: How Price Wars, Platform Battles and IP Booms Defined China’s 2025
From subsidy-fueled competition in retail to explosive growth in culture and services, 2025 laid bare the contradictions in China’s consumption-led recovery
Top Stories of the Month: Chinese Local Governments Risk Replicating Mistakes of LGFVs
Localities have created thousands of ‘culture and tourism’ investment companies, with some designed to shift their traditional financing vehicles onto a market-oriented footing and sidestep borrowing limits
CX Daily: China Puts Industry, Consumers at Heart of Next Five-Year Plan
For the economy, the plan focuses on building a modern industrial system, accelerating the growth of household spending and tackling government debt
Luckin Coffee Delivers 50% Revenue Jump, Tamps Down Talk of U.S. Relisting
The Chinese coffee chain posted record sales and customer numbers, but says there’s no timeline for returning to a major U.S. exchange
Analysis: Starbucks’ Discounted China Sale Shows Its Struggles in Crowded Market
Sale of majority stake highlights how the chain has been losing ground to more nimble local rivals like Luckin and Cotti Coffee
Starbucks to Sell Majority Stake in China Business
The U.S. coffee giant will form a joint venture with Chinese private-equity firm Boyu Capital in a $4 billion deal to run its stores on the mainland
In Depth: Starbucks, Burger King Overhaul China Strategies
The U.S. food and beverage giants are seeking partners to help them with localization as their market shares shrink, squeezed by growing domestic competition
CX Daily: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy
Top Chinese and U.S. officials are set to meet in Spain this weekend. China ousts four more senior generals from its national legislature.
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