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.
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, 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.
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…