Starbucks Archives - Page 4 of 5

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 […]

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.

China’s Coffee War Escalates as Tencent Joins Hands With Luckin

Bejing-based coffee chain Luckin Coffee and Internet giant Tencent openly challenge the Starbucks-Alibaba alliance by announcing their strategic agreement on September 6.

Starbucks Partners with Alibaba to Start Coffee Delivery Amidst Fierce Competition

In one month, Chinese Starbucks customers will no longer need to wait in line for their cup of coffee as the coffee giant forms new partnership with the Alibaba Group.

Luckin Coffee: the Newest Unicorn after First Funding Round

Luckin Coffee announced on July 11 the completion of their Series A funding round, giving the company a valuation of $1 billion and bringing it into the unicorn club.

Luckin Coffee: China’s New Coffee Unicorn?

The new retail coffee chain Luckin Coffee was rumored to have closed its Series A round at $200 to 300 million with a valuation exceeding $1 billion. The investors of this round has not been disclosed.

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.

The Coffee Chain that Came Out of Nowhere with the Potential to Beat Starbucks in China

Almost overnight, a coffee brand called Luckin Coffee made waves across China’s first and second tier cities. Luckin Coffee entered the market vigorously and aggressively.

Apple, Starbucks and many others may face huge losses in a China-US trade war

In the early hours of March 23, Beijing time, CNNMoney.com reported that a trade war between U.S. and China would be very bad news to some big U.S. companies.

The “Lazy Economy” Causes Small Home Appliances Prevail in China

Since following the trend and buying a popular portable juicer online, Yu Jing thinks her breakfast has improved a lot, “Each morning, I could make banana milk within seconds and it only takes simple operation. The taste is much fresher than imported Korean banana milk and the juice has no additives. Before, I only have […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

3-Hour-Line To Get Chinese Tea: Insanely Popular, or Marketing Stunt?

At 10:30am on August 12th, it was just around half an hour later than Heytea opened its shop in Joy City in Chaoyang District, Beijing. Customers queued a line dozens of 50 to 60 meters long in this Internet popular tea store, totally blocking the door of a neighboring Starbucks. Heavy rain fell on and […]

Passengers Can Now Order Takeout While Taking the Chinese High Speed Rail with Alipay Integration

According to recent news, starting July 17th, passengers taking the G and D EMU (electric multiple unit ) trains will be able to make meal orders through the 12306（China Railway Corporation’s official website) and its mobile app. After completing an order on the app, the on-train staff will deliver the meal to the designated passenger compartments […]

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