Starbucks Archives

Luckin Coffee Eyes for the US Market, Accelerating Its International Expansion

Luckin Coffee is reportedly planning to enter the US market as early as next year, preparing to beat competitors like Starbucks with its low-priced drinks.

Starbucks China Ends Era of Co-CEO Leadership

This change means that the company's top management hopes to drive China's business in the new fiscal year with a new structure.

Brian Niccol to Take Over as Starbucks’ CEO in September 2024; No Impact on China Business

Regarding the personnel changes at Starbucks, Starbucks China confirmed that "the personnel adjustments at Starbucks headquarters do not involve the Chinese market."

Starbucks Surpasses 7,000 stores in China, Reiterates “No Intention to Participate in Price Wars”

At present, Starbucks has surpassed 7,000 stores in the mainland Chinese market and is confident in continuing to be a leader in China's high-end coffee market.

Starbucks Launches Curbside Service in China with AutoNavi

On March 21, Starbucks launched a brand-new retail channel in China called "Starbucks Curbside" through its collaboration with Alibaba-backed web navigation company AutoNavi, providing orders to customers on the go.

Starbucks China’s Comparable Store Sales Falls by 29% in Fiscal Q1 2023

On February 2, American multinational coffeehouse and roastery chain, Starbucks, reported its financial results for its 13-week fiscal first quarter ended January 1. Its global comparable store sales increased by 5%, but comparable store sales in China decreased by 29%.

A Review of Cotti Coffee’s First Store in Shanghai Created by Former Team Member of Luckin Coffee

Cotti Coffee, a new coffee brand created by Luckin Coffee's original core team, opened its first store in Shanghai in November, situated next to an outlet of its competitor, Starbucks. The coffee brand is also the sponsor of Argentina, the 2022 World Cup champion.

Former President of Alibaba-backed Umeng+ Joins Starbucks China as CTO

Jasper Luo, former president of Umeng+, an Alibaba-backed startup providing mobile app analytics solutions for mobile development teams and individual developers, reportedly joined Starbucks China earlier this year as CTO.

Starbucks Steps Up Efforts to Compete for China Market Share

Faced with pressure from competitors such as Luckin Coffee and Tims China, Starbucks, which has always been known for its reserved attitude towards China, has been changing its strategy for tackling the country's domestic market.

Tim Hortons China’s Stock Price Disappoints Shareholders One Month After Listing

It has been more than a month since the Chinese business of Canadian coffee chain Tim Hortons went public on the Nasdaq, but so far, the coffee company that is trying to become the second Starbucks has not performed well in the US stock market.

Once Again, Belinda Wong Serves As CEO of Starbucks China

On October 11, Starbucks China announced to employees that Belinda Wong, the chairwoman of the firm, was re-appointed as CEO, and Leo Tsoi, the current CEO, will serve as a consultant to the Chinese management team over the next three months.

Tim Hortons China to Debut on Nasdaq

The Chinese business division of Canadian coffee chain Tim Hortons will officially commence trading on the Nasdaq on September 29. Proceeds from the listing will be used to expand its coffee business in China.

Starbucks Plans to Add 3,000 Stores in China by 2025

On September 14, Starbucks's China division officially released its 2025 China Strategic Vision, launching a new value-oriented growth plan featuring heavy investment in the country.

China NFT Weekly: Virtual Meetings Reimagined

This week: China's Communist Youth League launches NFTs, crypto mining rig maker Canaan added to SEC list of scrutinized Chinese companies, Regal Hotels to launch virtual conference center in the metaverse, and more.

Manner Coffee Launches Delivery Services in China

Coffee chain Manner Coffee announced last Sunday that it will launch delivery services in Beijing, Shanghai, Shenzhen and other cities by cooperating with food delivery giant Meituan.

Coffee Unicorn Manner Accelerates Expansion

Manner Coffee, a Shanghai-based coffee chain, announced on Tuesday that it will open more than 200 new cafes in 10 cities in China.

HeyTea Sets Beverage Price Limit at $4.6

HeyTea, a beverage brand in China, announced on Thursday that it has completed product price adjustments started in January of this year.

Starbucks China Increases Prices for Certain Products

Many Chinese web users took to social media on Wednesday to comment that Starbucks has raised the price of various products by 1-2 yuan ($0.16-0.32), including americanos, lattes and a range of food items.

Starbucks Responds to Incident of Chongqing Employee Driving Away Policemen

A Chinese web user took to social media on Monday to accuse a Starbucks employee in Chongqing of driving out a group of on-duty police officers, on the grounds that their eating at the storefront would affect the coffee brand's image.

Starbucks Partners With Meituan to Expand Delivery Services

Starbucks China on Tuesday announced a new cooperation agreement with Meituan, a domestic food delivery platform giant.

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