Short
Luckin Coffee - Hard time finding one in China
Beyond Technical Analysis
I am back from my 2-week trip to China, where I spent time in Beijing (China's capital), Shanghai, and a few days in Hong Kong.
My experience:
Its presence is non-existent. In terms of how many stores, as well as the quality (size, location, etc.) I saw over there, I found Starbucks to be the most important coffee. Another coffee shop I found to be very attractive was named Costa Coffee.
I also talked with people living in the main parts there, and no one seemed to know, or care about Luckin Coffee.
I would be careful with what news we hear; since before the trip I was expecting to see a Luckin Coffee store in every corner.
I am back from my 2-week trip to China, where I spent time in Beijing (China's capital), Shanghai, and a few days in Hong Kong.
My experience:
Its presence is non-existent. In terms of how many stores, as well as the quality (size, location, etc.) I saw over there, I found Starbucks to be the most important coffee. Another coffee shop I found to be very attractive was named Costa Coffee.
I also talked with people living in the main parts there, and no one seemed to know, or care about Luckin Coffee.
I would be careful with what news we hear; since before the trip I was expecting to see a Luckin Coffee store in every corner.
Note
Was not expecting the stock to pummel on fraud news, but China's data is certainly something to be skeptical about.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.