Coffee clash brewing in China: startup Luckin takes on Starbucks

Coffee clash brewing in China: startup Luckin takes on StarbucksWhen Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown rival, Luckin Coffee, plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with steep discounts, challenging Starbucks' dominance by targeting office workers and students who prefer to have their java on-the-go or delivered to their doorstep.




from Yahoo News - Latest News & Headlines https://yhoo.it/2B5fnAP
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