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The Latest Breaking News from Luckin Coffee

Beijing Competitor Luckin Coffee Gobbles Up New York Leases After Starbucks Closes Locations

Beijing-based Luckin Coffee is seizing New York City retail spaces abandoned by Starbucks, capitalising on the American chain's retreat to aggressively expand its global footprint.

International Business Times UK

Luckin Coffee Reportedly Sets Sights on Nestlé's Blue Bottle: A Strategic Move to Dethrone Starbucks

Luckin Coffee is considering the purchase of Blue Bottle Coffee in a strategic move to better compete with big players in the field.

International Business Times UK

Starbucks wants you to stay awhile – but shuttering its mobile-only pickup locations could be a risky move

When Starbucks announced that it would phase out its mobile-order pickup-only locations beginning in 2026, it raised a question: Why abandon a format seemingly built for speed and efficiency?

The Conversation

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China's Luckin Coffee Is Racing Past Starbucks As Nationalist Sentiment, Soaring Store Counts, Triple-Digit Profit Growth Leave US Giant Scrambling

Coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) is facing stiff competition in China, and its stock remains under pressure, marking a sharp divergence from its China-based arch-rival, Luckin Coffee Inc. (OTC: LKNCY), which has been soaring and hitting new highs throughout this past year.

Benzinga

Remember Luckin Coffee Stock? China’s Viral Coffee Company Is Now in the U.S., and LKNCY Shares Are Up 46% This Year.

Luckin used to be a popular meme stock and now it is attempting to take on Starbucks with the launch of its flagship coffee stores in the U.S.

Barchart

Chinese Starbucks competitor opens first stores in the US

The two new stores are both located in New York City

The Independent UK

Starbucks, Dunkin and Tim Hortons in Danger as China's Luckin Coffee's $2 Brews Hit New York for Debut

Luckin Coffee debuts in NYC with $1.99 brews, using tech-driven convenience and low prices to challenge Starbucks, Dunkin', and Tim Hortons.

International Business Times UK

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Look out, Starbucks: Luckin Coffee, the biggest coffee chain in China, is opening its first U.S. locations

A battle is brewing.

Fortune

Luckin Coffee beat Starbucks in China. It's now taking its playbook overseas to markets like Malaysia

Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in both China revenue and store count.

Fortune

Starbucks hires its first-ever China chief growth officer as it battles fierce local competition

Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold by local chains like Luckin Coffee.

Fortune

Luckin Coffee, the buzzy chain that outsells Starbucks in China, reportedly plans a U.S. expansion

Luckin Coffee was booted off the Nasdaq in 2020 after an accounting scandal. It may be on its way back to the U.S.

Fortune

China overtakes US as branded coffee shop capital of the world

Number rose by almost 60% in a year to 49,691 stores, making China ‘a global coffee industry powerhouse’

The Guardian - UK

3 Restaurant Stocks to Buy End of June

The restaurant industry is well-positioned to witness solid growth in 2023 and beyond, thanks to the rising popularity of food takeout and the integration of innovative technologies. Therefore, it seems wise to invest in quality restaurant stocks Luckin Coffee (LKNCY), Bloomin’ Brands (BLMN), and Chuy’s Holdings (CHUY) now. Read more….

StockNews.com

Buy or Sell: Starbucks (SBUX) and Luckin Coffee (LKNCY)

Despite the macroeconomic challenges, the restaurant industry looks poised for stable growth. However, is this the right time to invest in Starbucks (SBUX) and Luckin Coffee (LKNCY)? Continue reading to find out.

StockNews.com

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ABC News

US financial regulators threaten to delist Chinese companies but will Beijing compromise to save their American dream?

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

Caixin Global

Luckin Coffee’s Outlets in China Top Starbucks

Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.

Benzinga

Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy

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