The Chinese Coffee Chain Beating Starbucks | Big Take Asia

China’s Luckin Coffee is the nation’s top coffee retailer, overtaking even Starbucks. That would be notable itself, but less than 4 years ago the company filed for bankruptcy, making its comeback even more unlikely. The turnaround is in part thanks to the chain’s automated stores, cut-price deals and innovative drinks that appeal to local tastes.
Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg’s Rachel Chang on how Luckin managed to turn around its failing business to overtake Starbucks, and asks whether it can hold on to its success as coffee takes off in China, and more rivals emerge.
Read more: China’s Luckin Coffee Is Back From the Brink and Beating Starbucks (www.bloomberg.com/news/articl...)
Further listening: What Does China’s Economic Slowdown Mean For the Communist Party? (omny.fm/shows/the-big-take/wh...)
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#china #coffee
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[@billgates7386]

luckin coffee is 9.99 starbucks sells for 25 .99

[@Magdalene777]

Their coffee sounds great.

[@fatdoi003]

same as Chinese EV, good quality and cheaper than western brands

[@MyVoice-bn1vj]

God bless China with all asia work together

[@fatdoi003]

Starbuck, coffee, quality do not appear in the same sentence.....

[@RoyFJ65]

Excellent value and varied offerings and far cheaper than Starbucks.

[@booneulidan1077]

CHAYOO, ZHUNGGUO, CAHYOO!

[@PutraMing]

😂😂😂 GOD BLESS China