Zhu said: "The new investment in production capacity has shown Carlsberg's confidence in speeding up its presence and penetration in the medium and high-end beer sector in the country."
Zhu said a bigger market share will offer Luckin Coffee more power in terms of supply chain and service upgrades in the future.
—StudentRND named?Charlie Kindel, Christy Wilson, and Mike Koss to its Board of Directors. The three tech veterans will be the first outside directors on the board of the Seattle-based non-profit, which works to teach students around the country how to code.
eBay CEO Devin Wenig at the 2018 GeekWire Summit. (Photo by Dan DeLong for GeekWire)
Zhuang made the remarks at the 3rd Digital China Summit, which kicked off in Fuzhou, Fujian province, on Monday.
iPhone sales dropped 10.3 percent year-over-year to .4 billion, the fourth straight quarter of annual declines. However, services revenue rose 18 percent to an all-time high of .5 billion, off-setting the iPhone decline. The wearables division brought in .5 billion, a whopping 54 percent jump over the prior year.
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Zimbabwe recently held an investment forum for a visiting business delegation from China's Anhui province. [Photo/IC]