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Top related persons:
Luckin - 1 ” - 1 Jinyi Guo - 1
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China Hong Kong Singapore Xiamen United States Beijing New York American
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Hong Kong CNN - 1 Nasdaq - 1 Starbucks - 1 CNN - 1 International Coffee Organization - 1 Daxue Consulting - 1 Visual China - 1 Centurium - 1

Search resuls for: "Centurium"


2 mentions found


☆ In China’s battle of the lattes, Luckin Coffee keeps beating Starbucks
  + stars: | 2024-02-26 | by ( Laura He | ) edition.cnn.com   time to read: +5 min
Luckin, which already calls itself China’s biggest coffee chain, says it had surpassed Starbucks in mainland China by number of outlets in 2019. By the end of 2023, Luckin had 16,218 stores in China, nearly double its 2022 count of more than 8,200. Starbucks’ outlets in China are entirely company-owned. The number of branded coffee shops in China jumped 58% in the past twelve months, reaching 49,691 outlets, according to a December report by World Coffee Portal. Making a comebackBy 2019, the company had outnumbered Starbucks stores in China, with more than 4,500 outlets, according to the company.
Persons: Luckin, ”, Jinyi Guo Organizations: Hong Kong CNN, Nasdaq, Starbucks, CNN, International Coffee Organization, Daxue Consulting, Visual China, Centurium, US Securities and Exchange Commission Locations: China, Hong Kong, Singapore, Xiamen, United States, Beijing, New York, American
☆ Hedge-Fund Manager Who Helped Expose Luckin Coffee’s Fraud Bets on Chinese Chain’s Comeback
  + stars: | 2022-11-07 | by ( Jing Yang | ) www.wsj.com   time to read: 1 min
China’s Luckin Coffee chain, which emerged from bankruptcy in March, is now controlled by Beijing-based private-equity firm Centurium Capital. A hedge-fund manager who secretly wrote a scathing report in 2020 that accused Luckin Coffee Inc. of accounting fraud is now backing the Chinese chain, calling it “a miracle in China’s business history.”Snow Lake Capital, a Beijing-based hedge fund founded and run by Sean Ma , has bought a minority stake in Luckin and is betting that the formerly Nasdaq-listed company’s valuation will surge, the investor said in an interview with The Wall Street Journal on Monday.
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