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Posts tagged to Luckin Coffee

Luckin Coffee could displace Starbucks in China

MarketLine

Chinese coffee start-up company Luckin Coffee has demonstrated strong potential in the Chinese coffee market. In just two years of existence the company has expanded prolifically and now threatens Starbucks, the leading coffee house chain operating in China. Luckin has made its intentions clear with the aim of become the nation’s leading specialist coffee provider by continuing an aggressive expansion strategy. The company has already achieved in two years what Starbucks has taken 19 years to complete in China. This has raised concern for Starbucks, which has begun taking action… Read more