Foodpanda sells its most valuable asset to Uber
Last week, Uber announced the acquisition of DeliveryHero’s Foodpanda operations in Taiwan, for US$950 million.
Some thoughts (and facts):
It is not a bad deal...
[New report] Who is Mixue – World’s 4th largest F&B chain,...
Over the last two years, Mixue Group, China’s biggest freshly-made drinks company, has emerged as the 4th largest in the world - with 36,000...
[New Report] Food delivery platforms in Southeast Asia (SEA) 4.0
Today, Momentum Works is launching our 4th annual Food delivery platforms in Southeast Asia report.
Southeast Asia’s total food delivery platforms GMV grew a modest...
The Luckin x Moutai partnership that sold 5 mil cups of...
Have you seen Luckin China’s new product flooding social media yesterday: an alcohol-flavored coffee in collaboration with Moutai (a renowned / staple Chinese liquor...
Seeing the unseen: How to predict China’s economy?
I took this photo last week in Nanjing, a second-tier city of 8.5 million people in China’s eastern Jiangsu Province:
The photo was taken...
Will premium coffee chains succeed in challenging Luckin Coffee?
Luckin Coffee, the largest coffee chain in China which recently opened in Singapore, has hit a milestone in China - opening its 10,000th store.
Its...
Luckin Coffee sold more than 2000 cups on its opening day
Luckin has officially opened its store in Singapore on 31 March 2023, in Ngee Ann City on Orchard Road and Marina Square. We have...
“Disgraced” Luckin founder started a new coffee chain in China
Luckin Coffee is making a comeback - it has relisted on Nasdaq and is launching in Singapore. But do you know what happened to...
