Chinese millennial founders challenge the status quo by making companies for their generation

The decade from 1990 to 1999 marks an important part in China’s history. China’s “Open-door policy” from 1986 to 1990 brought a market economy and the private sector. Many of the post-90s generation (九零后, those born in the 90s)—having been born after much of the recent upheaval and a time when the country had long […]

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Meme of old man’s “sluggish sales” goes viral on China’s online marketplaces

The phrase “Sluggish sales of…(滞销)” and a picture of an unfortunate old man making poor sales (滞销大爷) of its local produce have gone viral. The Beijing Youth Daily claims that a handful of online marketplace merchants are abusing his dramatic face expression that arouse people’s empathy in an attempt to increase sales. Recently, a statement […]

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Luckin Coffee exits soft launch, trying to poach top Starbucks staff

Luckin Coffee (瑞幸咖啡), a new coffee brand the “new retail professional coffeeshop operator”, has announced that it now opened in 13 cities, 400 stores, served 1.3 million customers with 5 million cups of coffee after 4 months of soft launch, TMT Post is reporting. The CEO of Luckin Coffee, Qian Zhiya (钱治亚), is the former COO […]

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