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A delicious corporate rivalry is brewing! After an accounting fraud scandal nearly derailed its rise, Luckin Coffee has become the top-selling coffee chain in China. Now it’s expanding stateside, with two new locations in New York City. WSJ’s Hannah Miao explains why Luckin’s tech-forward business model made it a winner in China, and whether Starbucks can fend off the competition by returning to its coffee house roots. Annie Minoff hosts.
Further Listening:
Fraud Rocks China's Hottest Coffee Startup
The Inside Story of Starbucks's CEO Drama
The Underdog Coffee Bean That's Making a Comeback
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Further Listening:
Fraud Rocks China's Hottest Coffee Startup
The Inside Story of Starbucks's CEO Drama
The Underdog Coffee Bean That's Making a Comeback
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Continue reading...