China set a record this year with coffee shop unit growth that exceeded 20K new outlets. The total Chinese branded coffee shop market grew 31.5% over the last 12 months to reach 87,505 outlets, ...
Exactly a year back, Luckin Coffee did what no Western brand has managed: it opened its 20,000th store in China and doubled its footprint in a single year. Meanwhile, Starbucks, long the poster child ...
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