Saturday, 5 January 2019

A real roasting: Coffee startup Luckin set to overtake Starbucks in China

A real roasting: Coffee startup Luckin set to overtake Starbucks in ChinaAfter only a year in business, startup Luckin Coffee said Thursday it will open 2,500 stores this year to dislodge Starbucks and become China's largest coffee chain. The company said it plans to have more than 4,500 stores in China by the end of 2019, taking it past the US coffee giant, which has over 3,600 stores across the country. China is Starbucks' second biggest market after the United States.




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