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China Coffee Giant Luckin Challenges Starbucks in US

China's answer to Starbucks launches first stores in US

Luckin Coffee was founded in 2017 and is based in Xiamen, China. Since its inception, the company has expanded to over 20,000 locations across Singapore, Malaysia and China, where it unseated Starbucks in 2023 to become the largest coffee chain brand in the country.

Fast Company on MSN · 3d

China’s Luckin Coffee is the anti-Starbucks. Will it work in the U.S.?

China’s biggest coffee chain isn’t trying to be your third place. China’s biggest coffee chain just opened stores in the U.S. for the first time. Its business model is the antithesis of Starbucks’s “back to basics” plan.

CBS News on MSN · 5d

China coffee giant Luckin opens its first U.S. stores in New York City

The Starbucks rival opened its first two stores in New York City on Monday, as the Xiamen-based coffee purveyor sets out to expand its market and garner favor with U.S. customers. The two Manhattan storefronts are located at 755 Broadway in Greenwich Village and 800 6th Ave in Chelsea.

2don MSN

Chinese coffee giant makes bold move into Starbucks territory with NYC debut

Luckin Coffee, China's fastest-growing coffee chain, launches first U.S. stores in New York City as it continues global ...

10d

Could Starbucks be considering a partial sale of its China business?

Starbucks CEO Brian Niccol has previously said that the company “remains committed to China for the long-term” ...

4don MSN

Starbucks stock price analysis as major risks remain

Starbucks stock price remains under pressure this year as concerns about its growth trajectory and competition continue.

Daily Mail4d

Starbucks under fresh pressure as China's biggest coffee chain opens first US locations with $2 drinks

By 2019, the brand had overtaken Starbucks as the largest coffee chain in China. It currently operates 22,000 stores in the country, triple the size of the Seattle-based brewer's Chinese locations ...

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