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Top related persons:
Zhang Peng - 2 PAYC ZI - 1 Nick Martin - 1 Joe Coffee - 1 Martin - 1 Joe Coffee's - 1 aren't - 1 Bill - 1
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Seattle Paycom West Richland , Washington Coffee Los Angeles SHENZHEN CHINA China
Top related orgs:
Starbucks - 2 CNBC - 2 Bill Holdings - 1 Bureau of Labor Statistics - 1 Joe - 1 Nasdaq - 1 Chamber of Commerce - 1 Longbow Asset Management - 1

Search resuls for: "Zhang Peng"


5 mentions found


☆ Mom and pop shops are cutting software spending, creating jitters on Wall Street
  + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com   time to read: +9 min
Joe Coffee founders Nick and Brenden Martin Joe CoffeeWall Street is on edge. Over the past two decades, small businesses have accounted for 40% of U.S. gross domestic product, according to the Chamber of Commerce. "If America is really built on the backbone of small business owners, why are they the ones that never catch the break?" In 2021, Joe Coffee, which now has 17 employees, created a full software and payments suite for coffee shops. WATCH: Xero will remain focused on core segments such as small businesses
Persons: PAYC ZI, Nick Martin, Joe Coffee, Martin, Joe Coffee's, aren't, Bill, Nick, Brenden Martin Joe Coffee, John Rettig, Cameron Hyzer, Yamini Rangan, Rangan, Bill didn't, Jake Dollarhide, Martins, Brenden Martin, Nick's, Brenden, Zhang Peng, they'd, Taylor McGinnis, ZoomInfo, we've, Bryan Keane Organizations: Starbucks, CNBC, Bill Holdings, Bureau of Labor Statistics, Joe, Nasdaq, Chamber of Commerce, Longbow Asset Management, Microsoft, Coffee Fest, UBS, Deutsche Bank Locations: Seattle, Paycom, West Richland , Washington, Coffee, Los Angeles
☆ How Luckin Coffee overtook Starbucks as the largest coffee chain in China
  + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +6 min
SHENZHEN, CHINA - 2020/10/05: Chinese coffee shop chain Luckin Coffee logo seen at a store. Founded in 2017, Luckin Coffee burst onto the Chinese coffee scene to challenge Starbucks through affordable coffee options and mobile ordering. China is Starbucks' second-largest market after the U.S. Luckin Coffee grew to 10,829 stores in China at the end of June, surpassing Starbucks as the largest coffee chain brand in the country following what one analyst calls an "aggressive" expansion. Meanwhile, Starbucks' stores worldwide are company-owned and the American coffee chain does not franchise operations, according to its website. The Chinese coffee chain said that it sold 5.42 million Moutai alcohol-infused lattes on the first day of its launch.
Persons: Alex Tai, Li, Rahul Maheshwari, Luckin, Vivian Leung, Zhang Peng, Price, it's, Jianggan Li, Leung, Kweichow Moutai, Moutai, Shawn Yang, Yang, latte Organizations: Getty, Starbucks, U.S, Luckin, Momentum, Coffee, CNBC, Lightrocket, Brand Finance, Blue Lotus Research Institute Locations: SHENZHEN, CHINA, China, Singapore, Guangzhou, TIANJIN, Asia, Beijing
☆ One in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
  + stars: | 2023-04-30 | by ( Laura He | ) edition.cnn.com   time to read: +7 min
Guangdong, the manufacturing powerhouse that abuts Hong Kong, said last month it will help college graduates and young entrepreneurs to find work in villages. Guangdong’s plan, which was widely panned on social media, coincided with the rate of urban unemployment among 16- to 24-year-olds surging to 19.6%, the second highest level on record. Kong Yiji, a famous literary figure from the early 20th century, has been one of the hottest memes on China’s social media since February. A tourist shop named 'Kong Yiji' in China's Zhejiang province. Other popular buzzwords have included “lying flat” and “letting it rot.”Authorities, uneasy about dissatisfaction expressed through memes, have banned the hashtag of Kong Yiji.
☆ China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start
  + stars: | 2023-02-20 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +11 min
By 2040, it's expected to have 400 million people above the age of 60 — more people than in the entire US. "It's obvious that relying on contributions from medical insurance schemes to fund age care services is not likely to be viable in the longer term," she said. Alzheimer's is quickly rising as a concern in China, Luk said. "Is China aging rapidly? Beijing has been pressuring the private sector into building daycare centers, wards, and other age care infrastructure to shore up gaps in local government finances, Gu said.
☆ Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings
  + stars: | 2022-11-01 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
Wall Street's worried China's draconian Covid-19 restrictions — which have weighed heavily on the world's second largest economy for nearly three years — could drag down earnings at Estee Lauder (EL) and Starbucks (SBUX) when the two U.S. companies report this week. Estee Lauder reports its 2023 fiscal first-quarter results Wednesday before the opening bell. Coffee chain Starbucks, which relies on China for roughly 13% of sales, is another U.S. retailer facing "mounting China concerns," according to Baird. Similarly with Estee Lauder, we're convinced that once Covid restrictions are lifted, Chinese demand for its beauty products will improve. Beyond the China headwind, we maintain our thesis that Estee Lauder is a leader is its industry that can withstand short-term pressures.
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