23: Is Luckin Coffee a real business?

In this episode of the China Tech Investor Podcast powered by TechNode, our hosts welcome back Technode contributor Michael Norris to discuss the IPO of Luckin Coffee. Luckin is hardly free of controversy. From a CMO who spent time in prison to a rapid expansion financed by an equally rapid cash burn, there are a lot of reasons for skepticism. However, their upside is still bound to draw the attention from investors who don’t want to miss out on what could very well be Starbucks’ most formidable competitor in China. Read Michael’s previous work on Luckin: Why it’s time to wake up and smell the coffee on Luckin From jail to java: How Luckin’s CMO is hacking China’s coffee market Luckin may not last, but its model will As well as TechNode Editor-in-Chief's analysis of their IPO: Is Luckin’s rushed IPO a path to sustainability or a pig in a poke? At the beginning of the episode, James and Ell briefly discuss UXIN’s response to the damning accusations levied against them by Anne Stevenson-Yang and J Capital Research. Anne discussed her report on episode 22 of the podcast, and also issued a rebuttal to UXIN’s response. Listeners can read, and decide for themselves Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guest: Michael Norris Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Podcast information: Spotify iTunes RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music