Luckin Coffee: Profitable Growth At A Discount
JVAfee (JVA) Seeking Alpha·2024-06-12 05:43

SensorSpot/E+ via Getty Images China loves its coffee – who knew? I recently spent some time in China, in the cities of Shanghai (population 26 million), Hangzhou (population 10 million), Suzhou (population 8 million) as well as several other smaller cities with populations of 1 to 3 million. To my surprise, there were coffee shops everywhere. These included a hole in the wall two - seat Manner coffee outlet, where delivery people on small electric scooters arrived every few minutes, micro roasteries with s ...