June 21, 2024

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How Starbucks Lost the Top Spot in China’s Coffee Race

1 min read

Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee.

Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth.

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2023-11-19 00:01:00

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