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Luckin Coffee - Hard time finding one in China

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Beyond Technical Analysis

I am back from my 2-week trip to China, where I spent time in Beijing (China's capital), Shanghai, and a few days in Hong Kong.

My experience:
Its presence is non-existent. In terms of how many stores, as well as the quality (size, location, etc.) I saw over there, I found Starbucks to be the most important coffee. Another coffee shop I found to be very attractive was named Costa Coffee.

I also talked with people living in the main parts there, and no one seemed to know, or care about Luckin Coffee.


I would be careful with what news we hear; since before the trip I was expecting to see a Luckin Coffee store in every corner.


Nota
Was not expecting the stock to pummel on fraud news, but China's data is certainly something to be skeptical about.
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