You might have head of Luckin Coffee, but how does it taste and why is everyone talking about it? Yvon and I wanted to find out more about Luckin Coffee and wanted to see how it stands up to Starbucks coffee in China.
We talk about the history of both companies and how they are doing in China, and we also do a taste test of both Luckin Coffee and Starbucks to see which coffee is better!
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More information about Luckin Coffee:
Luckin Coffee (Chinese: 瑞幸咖啡) is a chain of coffee shops in China. The company was founded in Beijing in October 2017. Most of its outlets are small booths that fill online orders for pickup or delivery.
It is considered to be a competitor to Starbucks in China. It intends to open another 2,000 by the end of 2018. By comparison, Starbucks has approximately 3,000 stores shops in China.
According to the company's spokesperson, Luckin raised new investor funding in the amount of US$200 million in December 2018. The company now has a valuation of over two billion dollars.
More about Starbucks:
Really, do you not know about Starbucks? Google it! :)
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