Luckin consolidates lead in China’s coffee wars
The company strengthened its position as China’s leading coffee chain in last year’s fourth quarter, as Starbucks looked for a new way forward in the ultra-competitive market Key Takeaways: Luckin…
Starbucks looks for new friends in choppy China coffee waters
After seven years of operating its China stores independently, Starbucks is reconsidering returning to a partnership-based business model Key Takeaways: Starbucks is considering bringing in partners to its China operation,…
BRIEF: TH International revenue falls as same-store sales plunge
TH International Ltd. (THCH.US), operator of the Tim Hortons restaurant chain in China, said on Tuesday its revenue fell 17.1% year-on-year to 360 million yuan ($50 million) in the third…
Locked in overheated battle with its clone at home, Luckin eyes expansion in U.S.
China’s largest coffee chain is accelerating its move overseas, even as two-year-old rival Cotti Coffee does the same Key Takeaways: Luckin Coffee plans to expand to the U.S. and other…
Cotti splashes past 10,000-store milestone, fueled by relentless price war
The two-year-old coffee chain’s founder looks obsessed with beating his former brainchild Luckin, using low prices and an innovative financing model to fuel his breakneck expansion Key Takeaways: Despite reaching…
BRIEF: Starbucks names new head for struggling China operation
Starbucks China has adjusted its leadership in China, as it faces unprecedented competition from several aggressive startup rivals. The company said its China Co-CEO Molly Liu will take over as…
PODCAST: Stumbling Luckin, and China’s New Export Restrictions
Luckin's same-store sales and margins plunged in the second quarter. Will it fall into the red under the challenge from upstart rival Cotti Coffee? And China imposes export restrictions on drone components with defense applications. Will that have any impact on the West?
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