Through this cooperation, luckin coffee will bring its leading technology and retail model from China to the world.
Analysts say Alibaba is considering investing in Hellobike to further support its own parcel and food delivery businesses.
Both analysts gave luckin stock “overweight” rating.
Hellobike now operates in more than 360 Chinese cities and supports more than 20 million daily trips.
Uxin said that the report reflects a general misunderstanding of Uxin’s business model and China’s used car industry.
Luckin aims to facilitate a coffee consumption culture among the Chinese market.
J Capital has a history of accusing US-listed Chinese companies.
Counting the 22 cities in which luckin opened coffee shops last year, the coffee chain is expected to operate in a total of 40 cities nationwide this year.
Uxin recognizes great growth potential in its 2C business, especially in cross-regional transactions.
Schakel has a deep understanding of the long-term growth trends in China’s new retail market.