The Ashton Report Whats Important Now: Report

Luckin Coffee Challenges Starbucks For Coffee Dominance In China

 class=
Written by The Ashton Report
 class=

Starbucks, which opened its first store in Beijing in 1999 and has helped teach the tea-drinking Chinese to drink coffee, has a challenge on its hands. Upstart competitor Luckin Coffee, founded at the end of 2017, opened 1,700 units last year and has announced plans for another 2,500 this year, thanks in part to financing…

This content is for registered members of The Ashton Report or paid subscribers to The Ashton Report Insider only. Please register by clicking on the button below to get full access.

Register
Already a member? Log in here

About the author

The Ashton Report