Starbucks Archives - Page 2 of 3

Starbucks to Add New Delivery Platforms: In Negotiation with SF Express, Meituan and Sam’s Club

The three-year exclusive cooperation between Starbucks and Ele.me will expire on December 31 this year. As a result, Starbucks is seeking new partners in the Chinese mainland market.

Starbucks Closes Stores Due to Food Safety Issues

In response to recent food safety problems, Starbucks China posted on its official Weibo account a statement on Monday saying that it had immediately closed two stores involved in a food safety scandal.

Starbucks to Expand Footprint in China by Adding 600 Stores by 2021

Starbucks is planning to open 600 new stores in China next year, thus operating 6,000 stores across 230 cities by the end of 2022.

Starbucks Partners With Sequoia Capital: Digital Transformation Fuels Growth

Xingran (Shanghai) Investment Partnership (Limited Partnership) was formed by the strategic collaboration between Starbucks China and Sequoia Capital China on Sept. 8, 2020.

Alibaba Introduces Starbucks Mobile Pre-Order Feature for Multiple Chinese Platforms

Alibaba Group today announced that Starbucks China has introduced its mobile order and pay feature “Starbucks Now” for four Alibaba platforms.

Ep. 65 (Extra Buzz Special): Luckin’s Luck Ran Out

Episode 65 of Tech Buzz China is a special one — a reading of the seventh issue of Extra Buzz, our new biweekly newsletter written by co-host Rui Ma.

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.

Luckin Coffee Updates $510 Million U.S. IPO

Luckin Coffee, the Starbucks challenger in China, is seeking to raise up to $510 million in the U.S. initial public offering (IPO).

Luckin Coffee Files For U.S. IPO with Total Financing of $100 Million

On April 23, Luckin Coffee, the Chinese Starbucks challenger, filed for official IPO to the U.S. Security Exchange Commission, with the ticker symbol 'LK'.

Luckin Registers $6 Million Worth of Assets as Collateral for Funding

Luckin Coffee, the Beijing-based Starbucks challenger, registered RMB 45 million ($6.7 million) worth of movable assets as collateral to Zhongguancun Sci-Tech Leasing, according to the National Enterprise Credit Information Publicity System.

Starbucks Launches its First Virtual Store

Powered by technology from Alibaba, Starbucks launched its first virtual store in China on Dec. 14, providing a unified, one-stop digital experience across the Starbucks app and mobile apps within the Alibaba ecosystem such as Taobao, Tmall, and Alipay.

Valuation of $2.2 Billion — Can Luckin Coffee Eclipse Starbucks in China?

The answer is NO. If you go to a Starbucks in the U.S., chances are you would bump into clusters of coffee consumers leisurely chatting to one another while waiting for their daily dose of caffeine. But if you are at a Luckin Coffee, you might only see the apparition of these faces in the […]