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Articles by 灵小七
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The Money Burner: Luckin Coffee?
At a January 2019 strategy meeting, Luckin Coffee's CEO responded to speculation that the company might become the next ofo, emphasizing investor support and aggressive expansion plans. Despite a net loss of 857 million yuan in 2018, the company aims to surpass Starbucks in store count and cup sales by the end of 2019, while continuing subsidies for three to five years.
灵小七P&G China's Comeback Story | In-depth
P&G Greater China Vice President Henry Karamanoukian says the Chinese market still excites him as it did 12 years ago. After a rough patch, P&G China saw organic sales grow 7% in fiscal 2018, driven by premiumization, faster innovation, and channel improvements.
灵小七Community Group Buying: Will the Next 'Pinduoduo' Emerge?
Community group buying is red-hot. In September, Xingsheng Youxuan secured a Series A funding of tens of millions of dollars led by Xu Xin of Today Capital, with GSR Ventures and ZhenFund participating. In the past two months, several community group buying companies have raised funds, with some securing up to 100 million RMB. The model, though not new, is seen as a promising path for fresh produce profitability, but challenges remain in supply chain, IT systems, and true customer loyalty.
灵小七