TH International tastes success with bagels in donut-averse China
The operator of the Tim Hortons chain in China sold 22 million bagel-based products last year, and said it is aiming to return to revenue and same-store sales growth in…
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,…
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…
PODCAST: WeRide’s Spin with Uber, and Starbucks’ New China CEO
Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
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…
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