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The move comes just after competitor Bianlifeng upped its registered capital.
With more capital, the company can attract new investors or take on loans
Small shops have a new channel to reach more than 100 million potential customers.
Warung Pintar aims to improve the livelihoods of kiosk owners and foster the entrepreneurial spirit in Indonesia.
The company is closing three out of seven stores in China.
7Fresh is an offline fresh-food store launched by JD.com in January 2018, and a direct rival to Alibaba’s Hema supermarket chain.
And brings the total number of Chinese cities that Luckin Coffee has landed in to 36.
The two conglomerates have different investment strategies.
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