Luckin founder adopts frugal approach with new F&B startup

Luckin founder Lu Zhengyao’s latest startup venture Shejian Technology is set to open its first set of noodle restaurants under the brand Qu Xiaomian, and will adopt a more prudent expansion strategy than the 52-year-old businessman’s previous coffee startup, requiring each restaurant to be profitable before opening the next location, according to a report from TechPlanet. The new company counts…
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