$Luckin Coffee(LKNCY.US) rose by four or five points. After reaching 10,000 stores, its single-store model is still improving, making it one of the few Chinese ADRs in the US market with genuine earnings; $Chagee(CHA.US) saw a slight increase, while $GUMING(01364.HK) remained basically unchanged. The cup volume war in the lower-tier markets has been going on for a while now. Luckin Coffee has managed to stand out first thanks to its single-store model, while the remaining two are still trading growth for valuation ๐
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