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Showing posts from July, 2020

Urban Trade Breakdowns - Luckin

For Qin Kang, The summer after graduation sucked ass.  With a newly minted degree in marketing from a mid-tier university near Beijing, Qin moved in with his Aunt in a small apartment on the third ring and begin his search for an entry-level internship with a tech firm.  But after three months of chasing down leads and scrolling through job postings and submitting applications, he got all of 5 interviews and no offers.  By mid-August he stopped looking and basically spent his days playing Honor of Kings and checking out the chicks on Tantan.   And like every competitive job market for new graduates, there is always one shit post that seems to pop up everywhere.  This is because the algos know desperation when they see it and for Qin and thousands like him in the summer of 2019, one shit-post ad stalked their digital lives: a link to apply for an entry-level paid internship as a “Cafe Statistician” for a boutique staffing firm doing field market research in the “...