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Benzinga

Business

Vishaal Sanjay

China's Luckin Coffee Is Racing Past Starbucks As Nationalist Sentiment, Soaring Store Counts, Triple-Digit Profit Growth Leave US Giant Scrambling

Starbucks Luckin Luckin Coffee China Starbucks Corp SBUX Brian Niccol

Surfers,Paradise,-,Oct,28,2014:starbucks,Cafe.the,Company,Planned,To

Coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) is facing stiff competition in China, and its stock remains under pressure, marking a sharp divergence from its China-based arch-rival, Luckin Coffee Inc. (OTC: LKNCY), which has been soaring and hitting new highs throughout this past year.

Mounting Pressure In China Amid Nationalist Wave

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