Luckin overtook Starbucks as China’s largest coffee chain by store count and revenue two years ago. The company is now challenging its US rival on home turf.

Coffee: most of us love it, and now the ultimate coffee war is on between veteran Starbucks and newcomer Luckin.

Starbucks' global same-store sales fell 2%. Global traffic dropped 2%, while there was a 1% increase in the average ticket.

Luckin overtook Starbucks as China’s largest coffee chain by both store count and revenue two years ago, capitalising on a slowing economy that pushed consumers towards lower-cost alternatives. It ...

They include low double-digit percentage same-store sales growth at college locations, improved transaction trends in the US ...

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Stories about US-China rivalry often centre on artificial intelligence, trade or defence, but we start today with a different area of competition — that between American and Chinese coffee chains.