An Inside look at Luckin Coffee shop, Starbucks biggest rival in China

[@christiano9460]

who else is here after buying LK today?

[@jasontran81]

Risky business, but I'm in at this lower price as risk rewards metric became very attractive. They need a couple new big institutional investors to save the day. I would think they're too big in China with over 2000 stores for China investors circle to just let it burn. To washed out the debt, i do see more share dilution hence lower price per share, then hopefully rally to the upside. If we get no buyer, bankruptcy is bigger possibility. Good luck! Don't put your house on it.

[@BD-tm1ig]

How can I buy this stock? Seems like it could be a hit.. only.. Chinese don't really like to drink coffee.

[@serbanghiurcoi3010]

Christian O buy? They give free coffees, on us investors tab :))

[@chief3796]

Ouch, how are you guys doing now?

[@cherry0.021]

@@chief3796 I was wondering the same question. The stock drop faster than a rocket.

[@jamesaaNorth]

who's here after this stock went to OTC ?

[@agentorange2113]

Who's here after lukin cofee was proved a scam

[@kilmoturtles1]

What are you talking about? It was not " proved" a scam. It is in Chapter 15, which is not the typical 11. I would invest in them , personally. But, I also invested in Moderna when everyone called them as "scam" as well. Good luck, but you're likely missing out. I could be wrong, but I'm willing to bet money that I'm not

[@ericbond5276]

@@kilmoturtles1 If you invested in Moderna in 2019, you did extremely well. I am trading in and out of Luckin. It seemed to cool off. If it drops below 9, I'll add to my 200 shares at 12.

[@ericbond5276]

I have 200 shares as of a few days ago. Yeah I chased it. I think the cleaned up their act.

[@heinrichklaus5717]

Madoff's coffee house

[@billymumphries4373]

Madoff had to work hard for his fraud though. All those 286 computers and dot matrix printers. Luckin was just lazy...

[@daraleek]

They fawked me up.

[@melindakoid3100]

Luckin here i come!

[@UltraGamer9999999999]

And away you go!

[@zachshort2889]

Lmao how you doin now

[@desmondteng3025]

Here in Singapore Luckin is doing better than Starbucks

[@22bryant]

It was luckin coffee They got their name from Dunkin donuts..don't lie

[@ericbond5276]

They removed the dun and went with the luk. I hope it doesn't turn out into SOL.

[@focus168168]

What's the differentiation? Starbucks could just partner with meituan for delivery to ur home, wechat for ordering online and picking up from the store. Starbucks already have all the stores setup , what they need now is just a tweak to their software and operations for pickup.

[@lighturself]

sorry its illegal to help other nation company in china . so i don"t think it will work here.

[@galecarp]

Price and amount of sell will fall and starbucks must raise their price.

[@luckylee3204]

Starbucks already do, and if you step into a Chinese Starbucks you will see loads of PROFITABLE coffees produced and picked up by the third party delivery companies. Step into an LK and you'll see far less. Don't believe the LK hype. Everything LK claims to 'revolutionise' is just poppycock. Their business model is burning hundreds of millions of dollars to give their cheapskate customer base coffee, nuts and airpods below the market price: More info on LK here: kzbin.info/www/bejne/bYfMp42Kl5infdU

[@luckylee3204]

@El Bottoo Which sounds great, except the cost of rental space, labour and importing coffee determine the price of a cup. Right now LK are giving away coffee way below the cost of production (approx 10RMB) and burning through hundreds of millions of investors money in the process. Cheapskate customers that love LK because it's cheap won't stick around and pay full price: kzbin.info/www/bejne/bYfMp42Kl5infdU.

[@luckylee3204]

@El Bottoo From the consumer perspective it doesn't matter. If you like cheap mediocre coffee you will be very happy. But if you are the investor paying for this stuff you are being ripped off.

[@Ng-vi6zp]

pick up store like luckin can be further expand to stay in store like starbuck. for a start to keep cost low, it wise to model it as pick up store where near future maybe expanded to stay in store too. good luck to luck in

[@AlexIsUber]

How are they gonna take over Starbucks?

[@birdmw]

they don't accept cash. you cant sit down. its all QR codes and apps so its fast.

[@catsrule9841]

what if i pick it up and it is cold?

[@brandonkelly1388]

Cats rule they don’t care cause they don’t know how good coffee taste like.

[@AOE5578]

No bad considering the cost = bad coffee

[@rutgerdemaeyer]

Nothing better than subsidized coffee.

[@abrahamdominguez1896]

Why would you need someone to smile at you?? That's fucking stupid, it's like you're forcing someone to put a smile on their face when they don't want to, that DOESN'T mean they're not friendly WTF??

[@luckylee3204]

You sound like you have your head screwed on and understand that giving away coffee, nuts and airpods at below cost of production is not a business, but an expensive hobby that is funded by American investors. You may enjoy my most recent video on the LK scam: kzbin.info/www/bejne/bYfMp42Kl5infdU.

[@ilham78]

The stock hasn't moved a lot

[@lotto5742]

It's moving up now.

[@run_4us414]

It will take time, considering it just went IPO.

[@ApocalypseDR]

oh yea? says someone on Apr 2nd, 2020.

[@Pcarnevaaa]

Moved a lot down lol

[@UltraGamer9999999999]

Yeah, it's practically near 0

[@TET2005]

Asian reporting Asian... gd move.

[@rickoshea9282]

Turns out selling mediocre products at a net loss is a terrible business. The solution they came up with to salvage investors was to lie about revenues. Unfortunately it was not a very creative crime because all the skeptics needed to do was monitor a handful of stores and estimate revenue, thus exposing the fraud. At least they caught this early.

[@imagination7555]

It's now called Fuckin Coffee

[@luckylee3204]

Anyone who had actually stepped foot inside a Luckin coffee and browsed their site new it was a fraud. If you’re main revenue stream is selling AirPods and nuts at a loss you do not have a business - you have a very expensive hobby. Check my channel for the deep-dive.

[@benderbendingrofriguez3300]

am I the only one that doesn't use his cellphone to buy product?

[@run_4us414]

You do have a point.

[@laowai2000]

@@run_4us414 Not really, cash is out in China and most people don't even carry a waller these days. For Chinese consumers, cashless transactions are the norm now.

[@1stfacts542]

Hilarious!!!

[@nahaidiew2991]

Luckin Coffee transforming into LOCK-IN COFFINS for good

[@JohnnyKReviews]

Lol COO of company faked all their numbers

[@hansonkewl2377]

Johnny disgusting

[@Harthorn]

At orders, no doubt from main shareholders... CCP Chinese shareholders.

[@thyslop1737]

Yeah and the just reported 300 million in fraudulent sales and their stock price tanked. And the name of the place SUCKS.

[@Pcarnevaaa]

Not anymore lol

[@hansonkewl2377]

Patrick Carnevale ditto

[@JohnCook-bx4gv]

0:59 The Chinese don't prefer to pay with their phone, they don't have an option..

[@rendezvouswithpablo]

Ja hahhahahahha that was a good one 😂😂😂

[@The123456NoNo]

She said “Not bad considering the price”. So at $0.60 that coffee must be taste like 💩

[@femflex101]

That's my first look at an actual store. Now we know why coronavirus was invented.

[@realpatriot8906]

Starbucks will buy luckin and the stock will spike

[@lordchiquita7735]

“Which is not bad considering the price” bruh, she just roasted them coffee beans

[@ericbond5276]

and cooked the books.

[@kuriyamatidusflossy]

hi hao ma i ma hi na ma nooo

[@rbk150]

Starbuck is the best ....luckin is a coronavirus ...

[@神成子]

hahaha~ China controls the top coffee bean raw materials ~ We drank cheap and top-grade coffee~ Your drank starbucks just dishwater~

[@carlobellucci5063]

Ahah what a scam lucking coffee is!!!!

[@kadach1x]

Scam coffee

[@ericbond5276]

Luckin righted the ship if the numbers are to believed.

[@hansonkewl2377]

Fraudddd