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China's Small Towns Boom as Megacities Lose Appeal With Brands

China's Small Towns Boom as Megacities Lose Appeal With Brands
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Dandong , Liaoning , China , Hong-kong , Shanghai , Chengdu , Sichuan , Shenzhen , Guangdong , Beijing , Nanchang , Jiangxi

Luckin Coffee Files Audited Financial Statements for Fiscal Year 2023

BEIJING, April 08, 2024 -- Luckin Coffee Inc. today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange...

Beijing , China , Joele-frank , Zima-michael-bowen , Ed-trissel-spencer-hoffman , Wilkinson-brimmer-katcher , Luckin-coffee-inc , Exchange-commission , Icr-inc , Us-securities-exchange , Luckin-coffee , Exchange-act

China's Thrifty Shoppers Create New Stock Winners and Losers

(Bloomberg) -- China’s price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the trend while adding pressure on premium brands.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsNvidia’s $70 Million Florida Su

China , Japan , Japanese , Chinese , Bloomberg-businessweek , Jinshan-hong , Sagarika-jaisinghani , Terrence-kan , Daniela-wei , Ronald-chan , Carlyle-group-inc , Pizza-hut

Luckin surpasses Starbucks in China annual sales for first time

SHANGHAI: Luckin Coffee Inc became China’s dominant coffee chain last year, outpacing the nation’s previous leader Starbucks Corp in annual sales for the first time.

United-states , Shanghai , China , Xiamen , Fujian , Singapore , Chinese , Bloomberg , Starbucks , Starbucks-corp , Luckin-coffee-inc

Luckin passes Starbucks in annual China sales

Luckin Coffee Inc. became China’s dominant coffee chain last year, outpacing the nation’s previous leader Starbucks Corp. in annual sales for the first time, reports Caixin. The Xiamen-based company posted quarterly net revenue of RMB 7.06 billion ($980 million), representing an increase of 91% from a year ago in a growing and increasingly competitive China market. Net…

Xiamen , Fujian , China , Singapore , Chinese , Luckin-coffee-inc , Starbucks , Starbucks-corp , Luckin-coffee ,

Luckin Coffee Reports High Annual Sales That Surpasses Starbucks in China

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China , Singapore , Chinese , Jinyi-guo , Starbucks , Luckin-coffee-inc , Nasdaq , Cnn , Luckin-coffee , Starbucks-china , Real-time-economy-news , Orex-news

Luckin Coffee Serves Up A Record-Breaking 2023 (LKNCY)

Luckin Coffee Serves Up A Record-Breaking 2023 (LKNCY)
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Singapore , China , Chengdu , Sichuan , Chinese , Guo-jinyi , Nasdaq , Tim-hortons , Starbucks , Luckin-coffee-inc , Luckin-coffee , Stock-editorial

Luckin Coffee Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Fiscal Year 2023 Net Revenues Increased 87% More than 8,000 Net New Store Openings in Fiscal Year 2023; Ended 2023 with More than 16,200 Stores in China BEIJING, Feb. 23, 2024 -- Luckin Coffee...

Hong-kong , United-states , Singapore , China , Beijing , Ed-trissel-spencer-hoffman , Jinyi-guo , Wilkinson-brimmer-katcher , Joele-frank , Zima-michael-bowen , Net-new-store-openings-in-fiscal-year , Exchange-commission

Luckin Coffee surpasses Starbucks in China, posts strong Q4, FY 2023 results

Luckin Coffee Inc., a China-based coffee vending pioneer in addition to a nationwide retail coffee house chain, posted significant revenue growth in 2023, following a rapid fourth quarter gain, according to an earnings report. The company surpassed Starbucks in China…

United-states , China , American , Starbucks , Luckin-coffee-inc , American-depository-shares , Operations ,

Specialty coffee Market is projected to grow by USD 39.17 billion from 2022 to 2027, with North America expected to hold a 32% market share- Technavio

/PRNewswire/ -- The specialty coffee shops market is estimated to grow by USD 39.17 billion from 2022 to 2027, growing at a CAGR of 7.43%. By Geography, the...

Japan , Germany , United-kingdom , United-states , China , America , American , Grupo-herdez , Jesse-maida , Technavio-research , Starbucks-co , Brew-berrys-hospitality-pvt-ltd