As Starbucks Slumps, a Chinese Coffee Giant Sees an Opening in New York

Luckin Coffee, a dominant chain from China, arrived in the city in June vowing to inject “new vitality” into American coffee culture.

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Starbucks’ China Problem: Coffee Drinkers Want More for Less

For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.

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