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On the evening of May 17, Luckin Coffee was officially listed on NASDAQ. The opening price of the first day was $25/ADS, which was 48% higher than the issue price of $17/ADS. After the opening bell, its market value once approached $6 billion. Before the IPO, Luckin Coffee was valued at US$2.9 billion. It’s just 17 months since the startup opened its first store, and it’s just 24 days after it submitted its prospectus...

Is it another possibility of coffee retailing behind Luckin's "dangerous game" ? On the evening of May 17, Luckin Coffee was officially listed on NASDAQ. The opening price of the first day was $25/ADS, which was 48% higher than the issue price of $17/ADS. After the opening bell, its market value once approached $6 billion. Before the IPO, Luckin Coffee was valued at US$2.9 billi...

A near-consensus conclusion is that the battle for offline payment scenarios has become one of the themes of this era's giants. From the traditional POS machine to the QR code collection, under the continuous promotion of smart phone technology, it is the turn of the commercial scene of facial recognition. If it continues to develop steadily, this will accelerate the early arrival of the cashless payment era and make the battle for the giants clearer.

Why all the AI companies are turning to make chips? Recently, YITU Technology, one of the four major computer vision companies, announced the launch of its cloud AI chip QuestCore (request), which has once again attracted the attention of the chip industry.Following the intaroduction of self-developed chips by voice technology companies, computer vis...

On a Sunday afternoon, in Indiranaga, Bangalore's upscale business district, a 150-square-meter showroom for a sports fashion brand was filled with stuff, not full of customers, but full of cardboard boxes. The more than 200 cartons filled with old things were originally intended to be piled up in suburban warehouses, but the trucks of local logistics companies have not arrived, and they have been late for more than six hours.While in the Lalamove’s dictionary, there is no lateness...

Delivery by motorcycles, 'Uber for logistics' startup Lalamove 's new try in Southeast Asia and South Asia On a Sunday afternoon, in Indiranaga, Bangalore's upscale business district, a 150-square-meter showroom for a sports fashion brand was filled with stuff, not full of customers, but full of cardboard boxes. The more than 200 cartons filled with old things were originally intended to be piled up in s...