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Benzinga
Benzinga
Business
Madison Troyer

Chinese Coffee Chain Wants To De-Throne Starbucks, But Experts Say Its Business Model Will Never Work

Starbucks Luckin United States CNBC China
Hot,Coffee,Cappuccino,Latte,Art,Isolated,On,White,Background,,Clipping

Luckin Coffee surpassed Starbucks (NASDAQ:SBUX) as the largest coffee chain in China in 2023. Now, it's setting its sights on the U.S.

Luckin opened its first U.S. store in New York City's East Village neighborhood earlier this spring. As of this month, the company has five locations across the city.

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