Coffee Shop Archives

Luckin Coffee Opens A New Store on Average Every 1.9 Hours

Recently, Luckin Coffee released its Q1 2023 financial report. The report shows that Luckin Coffee achieved a total net revenue of RMB 4.437 billion (USD 640 million) in the first quarter of this year, an increase of 84.5% year-on-year.

Chinese New Coffee Chain Bestar Coffee Secures Millions in Angel Round Financing

China's new coffee chain brand "Bestar Coffee" had recently completed an angel investing round worth tens of millions of yuan. The angel investor was Shunwei Capital.

Chinese Coffee Brand Nowwa Coffee Continuously Secures $31.51 Million in B and B+ Rounds of Financing

Nowwa Coffee, a Chinese coffee chain, announced that it has completed two rounds of financing, namely, a B round and a B+ round, with a cumulative amount of 200 million yuan ($31.51 million) raised.

Shanghai Coffee Shop Entertains Customers, Provides Jobs for Disabled

Hinichijou cafe, a business which recently opened for a trial operation on Nov. 15, has adopted this new way of non-interactive purchases.

Transitioning to Online Only, Coffee Box Restarts after Over 100 Days of Silence

Last Thursday, Chinese coffee brand Coffee Box published an article explaining why it stayed silent despite the market rumors and how its future business models will be deployed.

China’s Investors Take Luckin Coffee to Court for Painful Stock Loss

Lawsuit filed by China's domestic investors against Luckin Coffee's fabricated sales fraud has been proceeding by Xiamen Intermediate People's Court.

Starbucks Teams up With Alibaba for Smarter Coffee Delivery

Starbucks took another step toward evolving the digital customer experience for customers in China by cooperating with Alibaba and launching a smart speaker capable of ordering coffee delivery by voice.

Starbucks’ Real Rival in China is not Luckin Coffee, It’s Bubble Tea

It seems like any person at least moderately familiar with China would know that it’s a realm of tea.

What Can Luckin Coffee’s Expansion Teach Us About the Changes in Chinese Consumption Patterns?

Luckin Coffee, the company that is mainly known in the West for giving Starbucks a really hard time in China, is more than just another gastronomic novelty, it’s a phenomenon that reveals a lot about the changing nature of Chinese consumption.

Starbucks to Apply Lessons Learned in China to the US

According to Kevin Johnson Starbucks’ president and chief executive, the company is looking to eventually use the experience it has accumulated in China’s fast-paced delivery industry and apply it to the United States.

Luckin Coffee to File Lawsuits Against Starbucks in China for Unfair Competition

Luckin Coffee, a rapid expanding Chinese coffee shop, released an open letter on Tuesday, accusing Starbucks of its monopoly causing unfair competition in the market and hindering their business development.

Beijing’s First Unstaffed Coffee Shop Open for Business But Faces Several Challenges

An unstaffed coffee shop named Youhuan Bar (lit. Friends Bar) opened at the University of International Business and Economics. A reporter from Beijing Business Today (BBT) happened upon the coffee shop on the first floor of a building not far from the fields. The shop is about 10 square meters in area, and is equipped […]

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