Why Luckin's ultimate target may not be Starbucks - dailyOnews

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Friday, May 24, 2019

Why Luckin's ultimate target may not be Starbucks



Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks r…

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