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Luckin Coffee sails past Starbucks

Luckin Coffee, a Chinese rapid delivery coffee company, has surpassed Starbucks in both the number of locations and quarterly revenue from its Chinese operations. While Starbucks had traditionally focused on expanding globally, Luckin’s strategy of aggressive expansion within China has allowed it to pull ahead in terms of scale and revenue. With 13,300 stores compared to Starbucks’ 6,800, Luckin has capitalized on the transition from tea to coffee culture in China by offering fast delivery, mobile payment options, and products tailored to local tastes.

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