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Exponential growth in the Chinese online celebrity economy is a result of China’s skyrocketing internet infrastructure and e-commerce.
This is an important indicator for Luckin’s current and future sales trends.
A key goal for Alibaba Cloud is to offer a leading technology infrastructure.
The business will focus on Not From Concentrate (NFC) orange, lemon and apple juices.
The company has attracted 280 million registered users by far.
Research finds that consumers in lower-tier cities have potential to become regular coffee or tea consumers.
Younger Chinese consumers have surprisingly high purchasing power for tea products.
Luckin Tea owns its own logo and will open new chain shops as early as October.