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Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.
Persons: , Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's debt swap plans won't help much, rumored real estate fund would have a greater impactVincent Chan of Aletheia Capital says that China's planned local government debt conversion is too small from a stimulus point of view, rather the rumored 4 trillion RMB fund to purchase unsold property inventory could help boost confidence in the real estate sector.
Persons: Vincent Chan, China's Organizations: Aletheia
China has "discarded the bazooka", don't expect massive stimulus
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina doesn't need a bazooka style stimulus anymore and is readjusting its economy: Jim WalkerJim Walker of Aletheia Capital discusses the recent policy package from the Chinese central bank and regulators and why he thinks there will not be a bazooka-style stimulus like there was in the past.
Persons: Jim Walker Jim Walker Organizations: China, Aletheia
China could be in a liquidity trap: Aletheia Capital
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina could be in a liquidity trap: Aletheia CapitalVincent Chan from Aletheia Capital discusses the Chinese government's options for economic stimulus.
Persons: Vincent Chan Organizations: China, Aletheia Capital
Canada already imposes 6.1% tariff on EVs manufactured in China and imported into Canada, the government said on Monday. The country will also put a 25% tariff on China-made steel and aluminum imports, effective Oct. 15. China is the third-largest country for steel imports into Canada, according to the Canadian Steel Producers Association. Canada's EV, steel and aluminum industries face "unfair competition" and trade practices from China, the government's finance department said. The EU also hit China-made EVs with higher tariffs in July, though it slashed some of the planned tariffs on China-made Tesla EVs as well as other Chinese EV makers last week.
Persons: Justin Trudeau, Blair Gable, Tesla, Vincent Chan, CNBC's Organizations: Canada's, Rideau Hall, Reuters, European, Canadian Steel Producers Association, EU, Biden Administration, EV, Aletheia Locations: Ottawa , Ontario, Canada, Reuters Canada, China, European Union, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll take China's chip industry a long time to reach TSMC's level, strategist saysVincent Chan, China strategist at Aletheia Capital, says, however, that China has the "monetary resources" to build "really large capacity" at the mid to low end.
Persons: Vincent Chan Organizations: Aletheia Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist says he's 'concerned' that China's 5% growth target won't be easily achievedVincent Chan, China strategist at Aletheia Capital, discusses China's property market, its trade relationships and economic data.
Persons: he's, Vincent Chan Organizations: Aletheia Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina takes a 'not that different' stance on Biden and Trump, strategist saysVincent Chan, China strategist at Aletheia Capital, says, however, that China may prefer to have Donald Trump "on board again."
Persons: Trump, Vincent Chan, Donald Trump Organizations: China, Biden, Aletheia Locations: China
Some Chinese brands have upset previous market leaders in their fields. CFOTO/Future Publishing/Getty ImagesChinese brands are going global, and some have already crept into the mainstream. Some brands, such as Lenovo and Tencent, have even upset previous industry leaders and are now major players in their respective fields. Chinese companies that have made it globally, Tiruchelvam added, are generally viewed positively as international companies. From social-media platforms to PC makers, here are five Chinese companies that have made it big outside China.
Organizations: Publishing, Getty, Lenovo, Aletheia Locations: Chongqing, China
China's at the 'borderline of deflation,' strategist says
  + stars: | 2023-05-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's at the 'borderline of deflation,' strategist saysVincent Chan of Aletheia Capital says there will be more room in the country for fiscal stimulus and interest rate cuts.
JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel. In November 2022, commodities trading giant Trafigura discovered carbon steel and other types of steel and iron instead of the nickel it had ordered. Carbon steel tends to be priced at about 5% of the value of the costlier metal, according to the Financial Times. Nickel prices surged to around $50,000 a metric ton on March 7, 2022 and then to $100,000 a ton a day later, but have come off to around $22,800 a ton ton now. In the complaint, a merchant called Nanni criticized his supplier for sending him low-quality copper ingots and demanded his money back.
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