While the trade wars are capturing most of the headlines, another battle is brewing between China and the U.S. over consumer caffeination.
Founded in 2017, Luckin largely offers scaled-down stores, rather than coffeehouses that are designed to encourage customers to linger. It accepts cashless payments and has takeout booths. The smaller footprint cuts expenses and has allowed Luckin to offer the usual coffeehouse staples for a lower price than Starbucks, which has particularly appealed to younger customers.
Luckin will offer the same cold brews and hot coffee options as Starbucks. It also has signature items such as pineapple- and raspberry-versions of its iced coffees and “Refreshers” that mix coconut milk, fruit juices and cold foams.
