Fenjiu Group

Luckin Coffee Expands into Singapore, Fresh Start or Same Mistake?

Singapore as its first stop, Luckin Coffee made its second attempt to go global.

Chinese E-commerce Firm JD.com’s Revenue in Q1 2023 Exceeds CNY 243 Bn, Up 1.4% YoY

On May 11, 2023, JD.com released its first 2023 quarterly report, indicating revenue of CNY 243 billion and operating profit of CNY 6.4 billion.

TikTok service provider DidaDog raises CNY tens of Mn in Pre-A round financing

On April 20, TikTok e-commerce data service platform DidaDog announced the completion of CNY tens of million yuan in Pre-A round financing.

China Craft Beer Market Booming: Players in and Massive Growth Ahead

Beer lovers across the country are now beginning to explore new favorites like craft beers, creating new opportunities for domestic as well as foreign companies. In this article, we look at the characteristics, evolution, and future projections of China's craft beer market.

Online Coffee Delivery Platform COFE Completes USD15 Million Series B Financing

Recently, COFE, a Kuwait-based online coffee delivery platform, announced that it had completed a B round financing of USD 15 million led by Waed Ventures, eWTP Arabia Capital, and Alibaba. The funds raised will be used for brand building and further improvement of the coffee supply chain solutions. Waed Ventures is an investment institution under Saudi Aramco. EWTP Arabia Capital is an investment firm committed to helping Chinese companies grow their global business.