A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol

By CNBC | Nov 1, 2024 at 07:31 AM EST

Luckin Coffee faced delisting but has rapidly expanded in China with over 20,000 stores. Local rivals like Cotti and Manner offer competitive pricing compared to Starbucks. Chinese chains have limited menus and basic seating, but consistently undercut Starbucks. Starbucks Now in China offers a streamlined experience without discounts.

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