AllTechAsia sent our teammates to pick up lattes at Starbucks in New York and at Luckin coffee in Shanghai.Read More →
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.
During the most recent KBC in May, many Chinese brands unveiled their newest designs alongside well-known international brands.
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.