Night view of a cafe operated by Luckin Coffee in Beijing’s central business district. Photo: SCMP/ Simon Song
China’s Starbucks challenger Luckin Coffee vows to maintain subsidies even as losses mount
- The company has sold over 85 million cups of coffee and has developed a customer base of more than 12 million in less than a year since its soft launch
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China technology
Night view of a cafe operated by Luckin Coffee in Beijing’s central business district. Photo: SCMP/ Simon Song