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 les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.