Chinese Economics Thread

[supersnoop]

Once watched a documentary on them. Dun know how accurate. But says their biz model is based on huge number of takeaway delivery orders to office based customers that the coffee is not bad quality and more reasonably priced.

Also how they thrived is introducing way more new experimental drinks to tempt customers. Some became runaway hits and made alot of profit for them. Quite different overall from Starbucks model. Saw many YouTube videos of star bucks flagship store in shanghai where they process their own coffee beans there and I thought it was ridiculous but apparently it attracts plenty of tourists

Cotti Coffee recently started opening branches in Toronto. Cotti was started by some Luckin execs who had some disagreements over the direction of the company.

Their operation is similar to what you described. Mostly takeaway business. They have online ordering as well. The price is about 30% less than Starbucks which is attracting customers.

 

[pipaster]

PMI up to 50.9 for February.

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[hereforsemithread]

How's that bazooka coming lmao

 

[Nobo]

How's that bazooka coming lmao

Umm, thats a difficult question to answer, let me sleep over it, i'll reply it tomorrow

 

[hereforsemithread]

Umm, thats a difficult question to answer, let me sleep over it, i'll reply it tomorrow
View attachment 126214

you buffoon I was mocking asset managers who whine about insufficient stimulus

 

[Nobo]

you buffoon I was mocking asset managers who whine about insufficient stimulus

Sure thing , when are you gonna buy new stock in onlyfan? Great investment opportunity. Shouldn't you be mocking over there ?

 

[horse]

China’s financial clout will be hard to reverse

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Look at that. That headline, they sugarcoat it.

Hard to reverse here really means impossible.

China is bigger than you, bigger than you all combined when it comes to this topic.

Take that. But they won't. Gordon Chang to the recuse!

 

[CasualObserver]

https://twitter.com/i/web/status/1764922330097078668

 

[henrik]

Cotti Coffee recently started opening branches in Toronto. Cotti was started by some Luckin execs who had some disagreements over the direction of the company.

Their operation is similar to what you described. Mostly takeaway business. They have online ordering as well. The price is about 30% less than Starbucks which is attracting customers.

Cotti coffee was founded by one of the founders of Luckin coffee. Cotti coffee's founder was kicked out of Luckin coffee due to his financial fraud.

 

[pevade]

Cotti coffee was founded by one of the founders of Luckin coffee. Cotti coffee's founder was kicked out of Luckin coffee due to his financial fraud.

Well this is going to be funny.