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...
7/11/20182 min read
Tag: #Starbucks
Showing 12 of 47 posts with this tag
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.
9/18/20192 min read
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.
10/29/20242 min read
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.
2/2/20243 min read
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.
7/21/20203 min read
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 Se...
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.
10/31/20223 min read
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.
1/18/20223 min read
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'.
4/23/20193 min read
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.
12/23/20223 min read
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."
8/14/20243 min read
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 ...
12/14/20182 min read