Starbucks CEO Brian Niccol has previously said that the company “remains committed to China for the long-term” ...

Luckin Coffee, the fast-growing chain that beat Starbucks at its own game in China, is entering the United States.

U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained ...

Starbucks, once the top name in premium coffee, now faces a mix of tough issues worldwide. Sales are down, there are also ...

Luckin, which was founded in Xiamen, China in 2017, quickly expanded to overtake Starbucks by number of storefronts in 2019.

The strategic review reflects mounting pressure from Chinese competitors. Starbucks’ market share plummeted from 34% in 2019 ...

By 2019, the brand had overtaken Starbucks as the largest coffee chain in China. It currently operates 22,000 stores in the country, triple the size of the Seattle-based brewer's Chinese locations.

Starbucks said it’s not currently considering a full sale of its China business, disputing a report from Caixin Global that ...

Starbucks was reportedly courting buyers for a portion of its China business as part of CEO Brian Niccol’s broader turnaround plans, but the company has since denied its Chinese stores are for sale.

Recent news of Starbucks being punished in China again for using expired grounded coffee bombarded China's social media ...

Starbucks has responded to rumours of a potential stake sale in its China operations after reports resurfaced that the ...

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