How Luckin Coffee overtook Starbucks as the largest coffee chain in China
Luckin Coffee hit 10,000 stores in China in June, surpassing Starbucks as the largest coffee chain brand in the country following rapid nationwide expansion this year.
Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business
The move comes just months after announcing a June announcement that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit.
Photos from Morocco earthquake zone show widespread devastation
Rescue efforts continue after Morocco quake A rare, powerful earthquake struck Morocco late Friday, killing more than 2,100 people, injuring at least 2,421 others and leaving behind widespread devastation. Friday’s …
Hurricane Lee will affect waters “along most of the U.S. East Coast”
Hurricane Lee likely to impact East Coast Hurricane Lee, which became the season’s first Category 5 storm Thursday night, had weakened to a Category 2 storm by Saturday as it continued to …
G20 nations soften Russia condemnation to reach Delhi summit compromise, draw Ukraine’s ire
There were fears Delhi negotiators and diplomats might not be able to broker a consensus at this year’s meeting due to Russian and Chinese objections on the reference to the …
Meteorologists on Hurricane Lee’s projected path and timeline
Tracking Hurricane Lee Lee strengthened from a tropical storm into a hurricane Wednesday and is forecast to become an “extremely dangerous major hurricane” by Friday, forecasters at the National Hurricane Center …
India’s policy contradictions are making it harder for investors to crack its market
When India abruptly announced trade restrictions on personal computers and laptops in early August, it caught major suppliers like Apple, Samsung and Dell by surprise.
Lee becomes hurricane, forecast to be “extremely dangerous” storm
Lee strengthens into hurricane, expected to be “extremely dangerous” storm by Friday Tracking Hurricane Lee Lee strengthened into a Category 1 hurricane Wednesday and is “expected to rapidly intensify into …
Tencent releases AI model for businesses as competition in China heats up
Dowson Tong, CEO of the cloud and smart industries group at Tencent, spoke with CNBC’s Emily Tan in an exclusive interview ahead of a big AI reveal.
Commerce Secretary Raimondo: U.S. businesses are ‘desperate for some kind of dialogue’ with China
Commerce Secretary Gina Raimondo discussed the economic relationship between the U.S. and China with CNBC’s Jim Cramer.