Sunday, June 15, 2025
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Expansion to Middle East and India is Coming for Luckin

D. Atika by D. Atika
6 years ago
in Business News

The coffee chain industry in China is getting noisy the last two years. This is due Luckin Coffee that has not been existed two years ago, yet now it is catching upon Starbucks pretty quickly. After the surprising US IPO earlier this year, Luckin is to make another big leap with upcoming expansion to Middle East and India.

Luckin’s expansion to Middle East and India

mou signing ceremony for expansion to middle east and indiaThe Chinese coffee chain has just secured a partnership with Kuwaiti Food Company Americana. Together, the two companies are to launch a new retail coffee chain in the Greater Middle East region and India. This is going to be Luckin’s first step to oversea market.

“We have worked with many leading and revolutionary food and beverage brands over our history and believe that Luckin Coffee’s superior products, experience and services will deliver success in these regions.” Kesri Kapur, CEO of Americana.

The Greater Middle East and India has a promising market for food and beverages retail industry. Also, Kapur believes that the collaboration with Luckin will “revolutionize” the industry in the regions.

.Americana itself is a leading company in the food and beverage retail business in the Middle East and North Africa. The company manages a total of 1900 restaurants spread across 13 countries in both regions. As well as operating 25 food production sites in United Arab Emirates, Saudi Arabia, Kuwait and Egypt.

RelatedArticle

How AI and Machine Learning Transforming Trading Strategies

GameStop Shares Surge Roaring $116 Million Position

Profits of 5 Global Banks High Despite ECB Rate Cut

Dominate Your Business with AI

A new tea brand for the home country

xiaolu tea
The main poster on Xiaolu Tea launch

Luckin has also recently launched its own tea brand, Xiaolu Tea. As the origin country of tea, tea has a huge market in China. It is one of the biggest tea consumer country in the world. And all variants of tea drinks combined with other ingredients from milk, fruit, tapioca pearl to cheese have been a trend in the country.

Along with the new brand, Luckin also introduced the new ten tea-based menus. The menus have since been included in Luckin’s online menu under the Xiaolu Tea brand.

Luckin itself now operates around 3,000 stores around China and planning to open at least 4,500 stores by the end of 2019. Earlier, the company made its debut in the Nasdaq IPO and raising $561 million.

However, despite the expansion to Middle East and India,  the prospect of being profitable is still far out of reach for the company.

Luckin reported a $241.3 million loss in 2018, and at the first quarter of this year, it has already recorded a $80 million loss. This is due to the company’s ambitious store opening and high marketing spending that includes massive discounts.

D. Atika

D. Atika

Related Posts

How AI and Machine Learning Transforming Trading Strategies

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
November 1, 2024

The integration of AI and machine learning into the financial markets is revolutionizing trading strategies, enhancing algorithmic trading, and equipping...

Read more

GameStop Shares Surge Roaring $116 Million Position

GameStop shares surge
by oney
October 30, 2024

In a dramatic turn of events, GameStop shares surged 80% following a significant reveal by the well-known trader Keith Gill,...

Read more

Profits of 5 Global Banks High Despite ECB Rate Cut

central bank policy decisions, profits of global banks
by oney
October 22, 2024

Introduction Despite the recent rate cut by the European Central Bank (ECB), the profits of five major global banks are...

Read more

Dominate Your Business with AI

AI and Machine learning in trading. Illustration of a business professional shaking hands with a robot. The robot is emerging from a large smartphone screen. Surrounding the smartphone are various technological and financial icons, including a light bulb, blockchain symbols, a microchip, graphs, and currency symbols, representing the integration of artificial intelligence in business. The background is a light blue color. That simbolyse about AI impact on business efficiency.
by oney
October 14, 2024

Advancements in AI technology open up significant opportunities for various industries. However, with the multitude of options and the complexity...

Read more
Load More
Next Post

5 Best-selling Beverage Businesses with Big Profits

Trending Issues

  • Marelli Holdings avoid bankruptcy

    Marelli Wins Consents to Avoid Bankruptcy

    0 shares
    Share 0 Tweet 0
  • How to Make Money from the Clubhouse App

    0 shares
    Share 0 Tweet 0
  • Elon Musk Makes Bitcoin Price Jump to $36,850

    0 shares
    Share 0 Tweet 0
  • 5 Facts in the Start-Up Drama Story (Part 2)

    0 shares
    Share 0 Tweet 0
  • Stock Trading 101: Long Trade vs. Short Trade

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In