https://www.nytimes.com/2019/05/17/business/luckin-ipo-china-starbucks.html
Whenever "China's XXX" appears, people have orgasm, this CEO claims to keep subsidizing for another 3 to 5 years, no plan of making a profit.
I guess she's smart, coz she'll just quit after 2 years and start yet another IPO-ready company, just like her previous one: CAR Inc HKG: 0699.
Business plan as usual, a traditional industry, mediocre products, subsidize at huge loss for market share, hey we are a revolutionary internet company so take us seriously, ads keep dwelling on Starbucks this Starbucks that, IPO.
Profitability? Nah that ain't cool.
Submitted May 20, 2019 at 07:10AM by LALAOOP http://bit.ly/2Vzv6zb
