China

Yum China Launches The Lavazza Coffee Shop Concept In China

“We are thrilled to partner with Lavazza and to bring their authentic Italian coffee experience to China. This is a great news for consumers who seek a premium coffee experience and we are excited to welcome them to the new flagship store,” said Joey Wat, CEO of Yum China.

Stevia Farmers First To Enjoy Pact With China

Tea and coffee are already selling in China but the only problem is the tariff, which the country is negotiating with China. China is the biggest trading partner for Kenya, accounting for 17 per cent of the Kenya’s annual trade by value or more than Sh400 billion.
But all this trade has been heavily tilted in China’s favour.

What’s With All The Lawsuits Against Luckin Coffee?

April’s been a tough month for Luckin Coffee (NASDAQ:LK). The Chinese coffee company’s stock plunged on April 2 in light of an internal investigation into allegations of fraudulently fabricated transactions that involved a huge portion of its revenue during the last nine months of 2019. The share price remains more than 80% below where it traded on April 1.

Here’s When Luckin Coffee Will Be A Buy, Buy, Buy!

The virus’s outbreak began in China, which is not a good situation for a China-based coffee chain. Moreover, the outbreak around the world and the resulting global pandemonium have led to a rout of the stock market. That hasn’t been good for Luckin stock either.

Starbucks Reopens China Stores And Authorizes Larger Share Repurchase

Coffee-bar icon Starbucks said that 90% of its stores in China are now open and that the board authorized management to add as many as 40 million shares to its buyback plans. Starbucks in January closed more than half its China stores in response to the coronavirus outbreak.

Starbucks Will Open Its Largest-Ever Coffee Roasting Facility

The new roasting facility in China “will incorporate advancements in sustainable manufacturing, smart supply chain innovation, and technology to support the aspiration to deliver the most energy- and water-efficient roasting operations for Starbucks in the world, while minimizing waste,” according to a press release.