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Fast-growing Chinese coffee chain Luckin Coffee is seeking a new round of funding which would value it at US$1.5–2 billion. Launched only this year, the company has already opened more than 1400 outlets in 21 mainland locations, its rapid growth based on its…
Starbucks China and Alibaba have announced an alliance that stretches way beyond the latter’s online delivery platform Ele.me. The two companies describe their pact as “a deep, strategic New Retail partnership” that will enable a seamless Starbucks experience…
Starbucks’ second-largest market after the US is China, where it has over 3,300 stores and operates with virtually no serious competition. A Beijing-based startup could change that. Luckin Coffee has opened 525 outlets across China’s major cities less than…
