An unprecedented business model and the speed at which it’s being developed set luckin apart.
Luckin coffee has transformed the traditional coffee chain into a new retail model integrating offline café services with online delivery services.
China’s coffee wars are heating up, and luckin’s competition with Starbucks is definitely becoming more fierce.
The industry observer’s popular annual list highlights the upswing in Chinese innovation.
Counting the 22 cities in which luckin opened coffee shops last year, the coffee chain is expected to operate in a total of 40 cities nationwide this year.
Luckin Coffee aims to have a total of 4,500 stores in operation in 2019.