Baijiu coffee, anyone? Last week, Luckin Coffee (yes, the one that inflated its 2019 sales revenue by US$310 million) joined forces with Kweichow Moutai, the maker of China’s fiery national baijiu liquor, for an unusual offering: an alcoholic latte. If you think that is crazy, let’s look at the stock performance for both. Coffee’s ADR gained as much as 36%…
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