Luckin Coffee Beats Starbucks to Become China's Top Coffee C…

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Credit: Visual ChinaBEIJING, Aug 3 (Ti Post) —— China's Luckin Coffee's revenue grew 88% year-on-year to 6.201 billion yuan, outnumbering Starbucks China for the first time, according to the two companies' financial reports released on Tuesday.Luckin Coffee had 10,836 stores at the end of the second quarter in 2023, while Starbucks China had 6,480 stores.Rooted in the Chinese market for 23 years, St