Will Cotti Coffee win the price war against Luckin Coffee?
Founded in August 2022 by former Luckin Coffee executives Lu Zhengya and Qian Zhiya, Cotti Coffee (库迪咖啡) has experienced rapid growth. As of May 2024, it had the third-highest number of coffee shops, with 6,505 stores, following Starbucks with 7,102 stores and Luckin Coffee with 18,360 stores. Despite its meteoric rise and the growing number […]
Starbucks in China: Will it lose the battle against Luckin Coffee?
Starbucks’s history began in 1971 with its first store opened in Seattle. Since then, the chain has continuously developed and, as of 2023, it has over 32,000 stores in 80 countries. In China, it opened its first store in Beijing, which was also the first ever foreign coffee shop to enter China. It grew so popular that, […]
Brewing a remarkable resurgence: Luckin Coffee’s tale of innovation and redemption
In the hyper-competitive Chinese coffee market, few stories are as gripping as that of Luckin Coffee (瑞幸咖啡). Once embroiled in a scandal that led to its expulsion from Wall Street in 2020, Luckin Coffee has not just clawed back to its former glory but has also eclipsed some of the industry giants. As of early […]
Podcast transcript #15: The challenging Chinese coffee industry
Find here the China paradigm episode 15. Learn more about Carol Liu’s story in China and find all the details and additional links below. Full transcript below: Matthieu David: Hello everyone and welcome in this new episode of China Paradigm, the China business podcast where we interview entrepreneurs in China. Today I am with Carol […]
High Demand of New Blends and Premium Coffee Machines in China
Coffee Machines in China. People worldwide drink a total of 7.4 billion cups of coffee every year, and 20 million cups of coffee are consumed every day. On average every coffee drinker drinks an average of 120 cups annually. The Finns drink the most coffee with the average Finn drinking 1459 cups of coffee a […]
The Coffee Industry in China: A Caffeine Trend
The Coffee Industry in China China is both a major exporter and a major importer of roasted coffee and green coffee. The quantities produced and consumed are not that high in a global context, for example, China produced around 40,000 tons of green coffee per year (0.5% of world production). And its annual consumption is […]