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Fraud at Luckin

China Fraud at Luckin News - Caixin Global

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.

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07 30, 2025 18:54 PM

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Weekend Long Read: How China’s Slowing Economy Is Shaking Up Consumer Spending Habits

A profound shift is underway as consumers prioritize personal wellness over material possessions, forgo big-city splurges for small-town travel, and pivot from luxury goods to essential items that provide a lot more bang for the buck

06 24, 2025 04:56 AM

Starbucks Courts Buyers as It Weighs Sale of China Business

Move comes amid hot competition from Chinese rivals and tepid sales

03 12, 2025 18:39 PM

After Duterte Arrest, China Urges Court to Avoid ‘Double Standards’

Also in today’s rundown: Luckin Coffee wins a trademark dispute in Thailand, Beijing to host meeting on Iran nuclear issue, GPU-maker completes funding round

02 21, 2025 21:14 PM

DeepSeek Becomes Subject and Source of Market Misinformation

Also in today’s rundown: Chinese Vice Premier He Lifeng talks with U.S. Treasury Secretary, Nio denies layoff rumor, Huawei to launch new luxury model in May

10 29, 2024 19:34 PM

In Depth: China’s Restaurant Chains May Be Biting Off More Than They Can Chew Overseas

As slowing growth at home builds appetite for global expansion, supply bottlenecks and cultural hurdles are posing challenges

10 19, 2024 10:30 AM

Weekend Long Read: The Human Toll of China’s Beverage Boom

Facing relentless demands, tight deadlines and surveillance, workers at coffee and milk tea chains endure harsh conditions that have sparked a widespread debate online

10 18, 2024 20:10 PM

Singapore’s Food and Beverage Industry Buckles Under Influx of Chinese Brands

An average of 274 F&B businesses shut down each month in the first nine months of this year, up from 229 in 2023

08 27, 2024 14:56 PM

Dumpling Chain Din Tai Fung to Close China Outlets Amid Weak Consumer Spending

The announcement came as the likes of fast food brand KFC to local coffee chain Luckin find themselves locked in a race to woo thrifty customers

08 23, 2024 18:05 PM

In Depth: Pressure Builds on Trailblazing Chinese Bubble Tea Brand Mixue

Mixue has mounted an aggressive global expansion only to find local rivals nipping at its heels as markets have grown saturated and its IPO plans have faltered

08 21, 2024 20:39 PM

Analysis: Tencent-Backed Black Myth: Wukong Gives China’s Gaming Industry a Shot in the Arm

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08 21, 2024 20:08 PM

Caixin Weekly | The Wave of Chinese Restaurants Going Overseas

BaWang ChaJi hosted a pop-up event in Singapore ahead of its planned store opening in August 2024, following disputes with its previous distributor. Several Chinese dining brands, including bubble tea and hotpot chains, are accelerating international expansion, particularly in Southeast Asia, leveraging local CEOs and franchising models. Chinese restaurants face challenges abroad, such as supply chain issues and localizing their offerings, but are seeing growing interest and success, with brands like Haidilao and Mixue Bingcheng leading the way.

08 21, 2024 19:58 PM

In Depth: A New Chinese Food and Beverage Wave Hits Southeast Asia

Despite some localization and supply chain hiccups, Chinese food and drink brands are aggressively expanding into new markets

08 09, 2024 04:36 AM

Moutai Aims to Lift Investors’ Spirits With Generous Cash Dividends

Move comes as premium liquor company sees 17% of its market cap wiped out this year

06 07, 2024 20:02 PM

China’s Food and Beverage Brands Can’t Get Their Fill of Small-City Franchises

Lower costs and less competition outside the country’s metropolises are attracting growth-hungry chains

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