The Latest Breaking News from Luckin

American coffee chain’s market share in China fell sharply to 14 per cent last year from 34 per cent in 2019

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.

Two upstart coffee chains—one domestic, one from China—are poised to expand across the United States, potentially upending Starbucks' dominance.

Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in both China revenue and store count.

The food service industry has seen a massive uptick in recent years owing to easily accessible food delivery options and a rising personal income. Thus, investors looking to capitalize on this growth could invest in stable consumer experience stocks Starbucks (SBUX), Luckin Coffee (LKNCY), and Nathan's Famous (NATH). Read on….

Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold by local chains like Luckin Coffee.

Luckin Coffee was booted off the Nasdaq in 2020 after an accounting scandal. It may be on its way back to the U.S.

Number rose by almost 60% in a year to 49,691 stores, making China ‘a global coffee industry powerhouse’

Starbucks stock has been falling fast, thanks to market weakness and a recent, unwarranted analyst downgrade. Long-term investors should consider buying the dip now, as Wall Street overreacts to China fears.