consumer looks to rival Alibaba’s physical presence

Leading online retailer pays $190 million for a 46% stake in China’s third-largest electronics retailer as it aims to strengthen its physical network in its battle with its bigger rival.
April 18, 2019

Luckin Coffee bags another $150m ahead of US IPO

China's fast-growing coffee chain is clearly on the double espressos. Despite widespread concerns about its cash-burning business model, it has just completed its third funding round in 10 months.
April 17, 2019