The Latest Breaking News from Luckin Coffee

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.

Luckin used to be a popular meme stock and now it is attempting to take on Starbucks with the launch of its flagship coffee stores in the U.S.

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’

The restaurant industry is well-positioned to witness solid growth in 2023 and beyond, thanks to the rising popularity of food takeout and the integration of innovative technologies. Therefore, it seems wise to invest in quality restaurant stocks Luckin Coffee (LKNCY), Bloomin’ Brands (BLMN), and Chuy’s Holdings (CHUY) now. Read more….

Despite the macroeconomic challenges, the restaurant industry looks poised for stable growth. However, is this the right time to invest in Starbucks (SBUX) and Luckin Coffee (LKNCY)? Continue reading to find out.

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.