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…
Can Haidilao learn from a busboy-turned-bubble tea magnate?
The regrouping former hotpot highflyer has named a 30-year-old premium tea sensation to its board, after reporting its profit fell in the first half of the year Key Takeaways: Haidilao…
Luckin brews up tumbling margins, falling profits as competition overheats
China’s leading coffee chain said its second-quarter revenue rose 35.5%, even as it opened new stores at a far faster pace to pass the 20,000-store milestone Key Takeaways: Luckin’s revenue…