Exclusive Post China's Starbucks challenger Luckin Coffee vows to sustain subsidies, even if mountain losses


Luckin Coffee, the Chinese coffee chain operator, has promised to subsidize consumers despite the "good over" 850 million yuan (US $ 123 million) boom. In a statement on Monday, the company previously confirmed Chinese reports that it lost more than the amount in the first time. Three quarters of the year, adding that the full year's loss will be much larger. "It is our established strategy that we will race to seize market share through subsidies," the Xiamen-based start said. "[So far], the… .

As always much information thanks to SOUTH CHINA MORNING POST

Of truth that in my opinion this website is the most complete that I could find on the net.

They have a lot of information on most of the topics of global interest

AND SOMETHING THAT CAN NEVER BE MISSED IS THAT WE ALWAYS THANK ALL OF OUR FOLLOWERS AND NEW VISITORS FOR THE SUPPORT THEY HAVE GIVEN US.

ALSO I INVITE YOU TO SUBSCRIBE TO OUR NEWSLESTER TO OBTAIN THE LAST NEWS

ORIGINAL SOURCE LINK SOUTH CHINA MORNING POST

Leave a Reply