Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two new ...

Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two ...

Luckin and Cotti’s gain is Starbucks’ loss. China has been a key growth market for the U.S. coffee chain as Chinese urban consumers flocked to buy its (relatively expensive) coffee.

with established brands like Starbucks, McDonald's, and Pacific Coffee, poses significant challenges for Luckin. Luckin's pricing strategy in Hong Kong does not offer value for money, with higher ...

Luckin opened its first store in Beijing several years ago, challenging Starbucks’ stronghold in the Chinese market by delivering coffee ordered using a mobile phone app. The company was founded ...

The company's same-store sales fell 4%, fueled by a 6% decline in traffic to its stores. Wall Street was expecting a steeper ...