socrates469bc Posted July 16, 2020 Share Posted July 16, 2020 luckin kopi now under liquidation and restructuring, dont know how much kopi gic can get from liquidation????? https://www.scmp.com/business/companies/article/3093364/luckin-coffee-appoints-liquidators-financial-advisers https://www.reuters.com/article/us-luckin-investigation-timeline/luckin-coffees-journey-from-hot-startup-to-5billion-share-wipeout-idUSKBN21L1HW https://fintel.io/so/us/lk/gic-private?__cf_chl_jschl_tk__=190f23121db09df6448c79100db5d1c2f16ad3c0-1594863288-0-AZiztaJo_DuRVqXfm5Z3sSvnQyvkQoR2WF4PapSosGPQ5vWGBtboFJ5vNu9sBTN0-jd8tA3vstVHEemEGWxy9pKVrPK52Mjm396AOdx8WRC0wMC48NN5u6Ear-sn42ZFqKDKS7bJMRX6TyknabEDK5z1nzYiY4FkHCtInYMhHHq6qGGmnyR5IMA6w6072sqYiwOUEmJod5IDkvsgNR_XPRQjxTFrisdvj3RIoJyJJUWQfj_leyvpjLEpLdGQXipPvMV5-T9V7NTs4EXv2lP8uzZ49KQG0lpdMTYJXrd0jt-4ZyZ4JPwbSohn6YWhB1ah9D3W2sIR4HCvTsz6t1XPrTUe8YdE14--5qVC4XtSVMG8 1 Link to comment Share on other sites More sharing options...
aaur4man Posted July 16, 2020 Share Posted July 16, 2020 (edited) Kopi luwak Without the kopi Sai only Edited July 16, 2020 by aaur4man 1 Link to comment Share on other sites More sharing options...
Standing Birdy Posted July 16, 2020 Share Posted July 16, 2020 Typical "tech unicorn" smoke and mirrors + greater fool theory https://medium.com/swlh/luckin-coffee-and-the-new-retail-era-29124507acd1#:~:text=To make 100 yuan selling,more market share from Starbucks. Quote To make 100 yuan selling coffee, Luckin spends 152 yuan in production and marketing costs (excluding rent) - the franchise has covered these costs by raising funds ahead of their IPO. These expenses are seen as a natural part of the scaling process and a key component in capturing more market share from Starbucks. Also not sure how much of the 100CNY is cooked up Two shanghai atbs I know are very worried because they work for luckin. Too bad birdy cannot go comfort them 2 Link to comment Share on other sites More sharing options...
The_King Posted July 16, 2020 Share Posted July 16, 2020 Link to comment Share on other sites More sharing options...
Homelander Posted July 16, 2020 Share Posted July 16, 2020 luckin coffee is china's starbucks? i think i saw several branches and looks quite hip 1 Link to comment Share on other sites More sharing options...
xsianx Posted July 16, 2020 Share Posted July 16, 2020 should have folded long ago liao ~ 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted July 16, 2020 Author Share Posted July 16, 2020 4 hours ago, Homelander said: luckin coffee is china's starbucks? i think i saw several branches and looks quite hip 3 hours ago, xsianx said: should have folded long ago liao ~ thats why buying tiong listed companies r a danger. u look at the s chips listed in sgp, u know liao. many have accounting and governance issues. https://www.cnbc.com/2017/04/27/more-chinese-firms-are-saying-goodbye-to-singapores-stock-market.html Link to comment Share on other sites More sharing options...
socrates469bc Posted July 16, 2020 Author Share Posted July 16, 2020 6 hours ago, Standing Birdy said: Typical "tech unicorn" smoke and mirrors + greater fool theory https://medium.com/swlh/luckin-coffee-and-the-new-retail-era-29124507acd1#:~:text=To make 100 yuan selling,more market share from Starbucks. Also not sure how much of the 100CNY is cooked up Two shanghai atbs I know are very worried because they work for luckin. Too bad birdy cannot go comfort them the originator of this strategy. Link to comment Share on other sites More sharing options...
Homelander Posted July 16, 2020 Share Posted July 16, 2020 1 hour ago, socrates469bc said: the originator of this strategy. this jippun guy still rolling sia...sibei good resilience...lol Link to comment Share on other sites More sharing options...
The_King Posted July 16, 2020 Share Posted July 16, 2020 7 hours ago, aaur4man said: Kopi luwak Without the kopi Sai only Sai also need money to produce. Just give air, cause air is free 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted July 16, 2020 Author Share Posted July 16, 2020 2 hours ago, Homelander said: this jippun guy still rolling sia...sibei good resilience...lol yeah, this nippon kia quite lucky to have his alibaba investment to save him out from the dot com burst and this current mess. this time round, he shld be able to emerge financially unharmed but with badly damaged reputation. his softbank group only contributed usd28bln to his vision fund, so if writedown, also no big deal since alibaba stake more than cover the loss. 1 Link to comment Share on other sites More sharing options...
Satki Posted July 16, 2020 Share Posted July 16, 2020 I thought sinkie fund also went in. No wonder hc got time to post fb Helping a friend to gain more subscribers. He is quite a talented music creator. Look for "Thee Influence" in Youtube Link to comment Share on other sites More sharing options...
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