Starbucks biggest rival in China, Luckin Coffee, will be going public on Friday and trading in the Nasdaq. Our Eunice Yoon is in Beijing and gives us tour around a typical Luckin Coffee shop.
Пікірлер: 120
@christiano94604 жыл бұрын
who else is here after buying LK today?
@jasontran814 жыл бұрын
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-tm1ig4 жыл бұрын
How can I buy this stock? Seems like it could be a hit.. only.. Chinese don't really like to drink coffee.
@serbanghiurcoi30104 жыл бұрын
Christian O buy? They give free coffees, on us investors tab :))
@chief37964 жыл бұрын
Ouch, how are you guys doing now?
@cherry0.0214 жыл бұрын
@@chief3796 I was wondering the same question. The stock drop faster than a rocket.
@jamesaaNorth4 жыл бұрын
who's here after this stock went to OTC ?
@agentorange21133 жыл бұрын
Who's here after lukin cofee was proved a scam
@kilmoturtles13 жыл бұрын
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
@ericbond52762 жыл бұрын
@@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.
@ericbond52762 жыл бұрын
I have 200 shares as of a few days ago. Yeah I chased it. I think the cleaned up their act.
@heinrichklaus57174 жыл бұрын
Madoff's coffee house
@billymumphries43734 жыл бұрын
Madoff had to work hard for his fraud though. All those 286 computers and dot matrix printers. Luckin was just lazy...
@daraleek4 жыл бұрын
They fawked me up.
@melindakoid31005 жыл бұрын
Luckin here i come!
@UltraGamer99999999994 жыл бұрын
And away you go!
@zachshort28894 жыл бұрын
Lmao how you doin now
@22bryant4 жыл бұрын
It was luckin coffee They got their name from Dunkin donuts..don't lie
@ericbond52762 жыл бұрын
They removed the dun and went with the luk. I hope it doesn't turn out into SOL.
@focus1681685 жыл бұрын
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.
@lighturself5 жыл бұрын
sorry its illegal to help other nation company in china . so i don"t think it will work here.
@galecarp5 жыл бұрын
Price and amount of sell will fall and starbucks must raise their price.
@luckylee32044 жыл бұрын
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
@luckylee32044 жыл бұрын
@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.
@luckylee32044 жыл бұрын
@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-vi6zp5 жыл бұрын
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
@AOE55784 жыл бұрын
No bad considering the cost = bad coffee
@desmondteng3025Ай бұрын
Here in Singapore Luckin is doing better than Starbucks
@1stfacts5424 жыл бұрын
Hilarious!!!
@AlexIsUber4 жыл бұрын
How are they gonna take over Starbucks?
@birdmw4 жыл бұрын
they don't accept cash. you cant sit down. its all QR codes and apps so its fast.
@catsrule98415 жыл бұрын
what if i pick it up and it is cold?
@brandonkelly13885 жыл бұрын
Cats rule they don’t care cause they don’t know how good coffee taste like.
@ilham785 жыл бұрын
The stock hasn't moved a lot
@lotto57424 жыл бұрын
It's moving up now.
@run_4us4144 жыл бұрын
It will take time, considering it just went IPO.
@ApocalypseDR4 жыл бұрын
oh yea? says someone on Apr 2nd, 2020.
@Pcarnevaaa4 жыл бұрын
Moved a lot down lol
@UltraGamer99999999994 жыл бұрын
Yeah, it's practically near 0
@TET20053 жыл бұрын
Asian reporting Asian... gd move.
@rutgerdemaeyer5 жыл бұрын
Nothing better than subsidized coffee.
@abrahamdominguez18965 жыл бұрын
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??
@luckylee32044 жыл бұрын
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.
@imagination75554 жыл бұрын
It's now called Fuckin Coffee
@rickoshea92824 жыл бұрын
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.
@JohnnyKReviews4 жыл бұрын
Lol COO of company faked all their numbers
@hansonkewl23774 жыл бұрын
Johnny disgusting
@Harthorn4 жыл бұрын
At orders, no doubt from main shareholders... CCP Chinese shareholders.
@nahaidiew29914 жыл бұрын
Luckin Coffee transforming into LOCK-IN COFFINS for good
@benderbendingrofriguez33005 жыл бұрын
am I the only one that doesn't use his cellphone to buy product?
@run_4us4144 жыл бұрын
You do have a point.
@laowai20004 жыл бұрын
@@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.
@Pcarnevaaa4 жыл бұрын
Not anymore lol
@hansonkewl23774 жыл бұрын
Patrick Carnevale ditto
@luckylee32044 жыл бұрын
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.
@The123456NoNo4 жыл бұрын
She said “Not bad considering the price”. So at $0.60 that coffee must be taste like 💩
@kuriyamatidusflossy3 жыл бұрын
hi hao ma i ma hi na ma nooo
@thyslop17374 жыл бұрын
Yeah and the just reported 300 million in fraudulent sales and their stock price tanked. And the name of the place SUCKS.
@realpatriot89064 жыл бұрын
Starbucks will buy luckin and the stock will spike
@JohnCook-bx4gv4 жыл бұрын
0:59 The Chinese don't prefer to pay with their phone, they don't have an option..
@rendezvouswithpablo4 жыл бұрын
Ja hahhahahahha that was a good one 😂😂😂
@femflex1014 жыл бұрын
That's my first look at an actual store. Now we know why coronavirus was invented.
@hansonkewl23774 жыл бұрын
Fraudddd
@lordchiquita77354 жыл бұрын
“Which is not bad considering the price” bruh, she just roasted them coffee beans
@ericbond52762 жыл бұрын
and cooked the books.
@rbk1504 жыл бұрын
Starbuck is the best ....luckin is a coronavirus ...
@user-yi9ls5uf3v2 жыл бұрын
hahaha~ China controls the top coffee bean raw materials ~ We drank cheap and top-grade coffee~ Your drank starbucks just dishwater~
@carlobellucci50634 жыл бұрын
Ahah what a scam lucking coffee is!!!!
@kadach1x2 жыл бұрын
Scam coffee
@ericbond52762 жыл бұрын
Luckin righted the ship if the numbers are to believed.
@Frenchkisssss5 жыл бұрын
Well another copy from china why dont you create your own concepts ?
@hotpepper50375 жыл бұрын
Indeed Chinese are not creative
@peter2385 жыл бұрын
Coffee chains are everywhere.
@peter2385 жыл бұрын
They are more creative and efficient in that they don't even have cashiers. People just pay digitally.
@jackzhi31725 жыл бұрын
So drinking coffee is westerners privilege? Idiot
@p.x78025 жыл бұрын
You are obviously mixing up “common life goods” and “inventions”. How can you turn coffee into new concepts? American will doom if people like you keep thinking about other people/countries are doing better because they “copy”. When the reality hits you hard everything is too late. Look at how American is lagging behind for 5G technology- did China copy 5G from America? Lmaoooo yea sure China copied something from America for something that America doesn’t even have.