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The Coffee Shop That's Been Eating Starbucks' Lunch in China | Big Take Asia
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January 2, 2025
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16:25Now PlayingChina’s Luckin Coffee is the nation’s top coffee retailer, overtaking even Starbucks. That would be notable itself, but less than four years ago the company filed for bankruptcy, making its comeback even more unlikely. The turnaround is in part thanks to the chain’s automated stores, cut-price deals and innovative drinks that appeal to local tastes.
Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg’s Rachel Chang on how Luckin managed to turn around its failing business to overtake Starbucks, and asks whether it can hold on to its success as coffee takes off in China, and more rivals emerge.
Read moreChina’s Luckin Coffee Is Back From the Brink and Beating Starbucks ()
Further listeningWhat Does China’s Economic Slowdown Mean For the Communist Party? ()
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A deep dive into understanding Asia and how it impacts the global economy and world of business.
Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.
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