Through this cooperation, luckin coffee will bring its leading technology and retail model from China to the world.
China
Over the past few years, Uxin’s used-car trading and loan-aid businesses developed rapidly, yet the required resources for each business are different.
Technology is all about boosting cutting-edge ideas and projecting the future visions. We shall not forget that.
Chen said that their proven understanding of China’s huge market potential for two-wheelers is the key to Hellobike’s success.
Luckin aims to use vast shop network and innovative business model to revolutionize the tea market in China.
Analysts say Alibaba is considering investing in Hellobike to further support its own parcel and food delivery businesses.
There are reportedly 500 million e-bike users in China, and several million delivery workers rely on e-bikes.
The growth of Uxin’s 2C (consumer-oriented) business has driven Uxin’s success
Launching new products at the same time as Xiaomi, the company shows its resolution to be independent.
Both analysts gave luckin stock “overweight” rating.