Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond. ➡️ Luckin Coffee and rival Cotti Coffee have expanded aggressively in China and have since ventured into Southeast Asia. Luckin is set to take its biggest leap yet with plans to open a branch in lower Manhattan following Cotti which just opened outlets in Brooklyn and Manhattan. ➡️ Over time, analysts estimate that Luckin and Cotti will still be cheaper than
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China's largest coffee chain is taking on the U.S. Luckin Coffee, which unseated Starbucks as the top chain in China, is now making a big play in America. As of mid-September, Luckin has opened 5 locations in New York City. Find the full report: cnb.cx/4pwl1m0 | CNBC
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