News

Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond ...
Mainstream coffee culture is converging globally, and Luckin Coffee is making it more digital, efficient — and gimmicky. Few ...
Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported on Monday, citing sources ...
We have a world-class team in China, and a strong brand,” the company said in a statement. “We see significant long-term ...
U.S. coffee giant Starbucks (NASDAQ:SBUX) has dismissed rumors suggesting it is planning a full exit from its China ...
Starbucks, advised by Goldman Sachs, is exploring options for its China business but denies considering a full sale, despite engaging with potential buyers.
The chain is selling Frappuccinos and iced teas in the summer for as low as $3.20.
The strategic review reflects mounting pressure from Chinese competitors. Starbucks’ market share plummeted from 34% in 2019 ...
Starbucks was once the undisputed king of coffee in China. Having opened its first branch in the country in 1999, the company used its first-mover advantage to build and dominate a thriving coffee ...
Starbucks has announced price reductions averaging 5 yuan on select iced and tea‐based beverages in China, marking a ...
Luckin Coffee, China's largest coffee chain, has expanded aggressively in China and overtaken Starbucks on the mainland, with more than twice as many outlets. Following an accounting fraud ...