The logo of Luckin Coffee is seen on the window of a shop in Beijing. Luckin’s conceit was that it was going to have more stores in China than Starbucks – which it did – and that it was somehow going to transform coffee into a tech business, which it didn’t. Photo: Simon Song
The logo of Luckin Coffee is seen on the window of a shop in Beijing. Luckin’s conceit was that it was going to have more stores in China than Starbucks – which it did – and that it was somehow going to transform coffee into a tech business, which it didn’t. Photo: Simon Song