"Luckin Coffee is one of the great turnaround stories in Chinese business history," Shaun Rein, founder of China Market Research Group, told Financial Times. Years after getting delisted ...

HANGZHOU — The rich aroma of freshly roasted coffee filled the air inside a quaint stone cabin in the eastern Chinese village ...

The assault on China by Breville, where it will sell appliances direct to consumers for the first time, and its sister brand ...

The shift comes after prices for the arabica variety, used for premium blends, jumped 94% in the past 12 months, reaching a ...

Hong Kong's market for specialist coffee and tea shops is projected to grow 5.5 per cent to slightly more than HK$3 billion next year and 5.3 per cent to HK$3.17 billion by 2026, according to data ...

Most of the coffee served in Australian cafes originates in South America or Africa; Chinese coffee barely registers. In 2023 ...

Yum China’s New York-traded shares jumped by 9.1% on Thursday, after the company reported resilient earnings and an expanded ...

Luckin Coffee needed premiumisation and volume to boost profitability, as its earlier ¥9.90 strategy squeezed profit margins. By Q2 2023, Luckin had opened 10,000 stores, giving it scale and advantage ...

Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two new stores in Kuala Lumpur, Malaysia’s capital city, on Thursday.

Four years ago, Luckin Coffee was kicked off the Nasdaq after the buzzy Chinese coffee chain admitted that it had inflated its sales by over $300 million. The resulting scandal helped to spark a ...

For years, the U.S. coffee chain enjoyed success as Chinese consumers, optimistic about China’s economic prospects, flocked to Western brands. But changing tastes and tighter budgets are now ...