Coffee on the go

“I think we’ll overtake them [Starbucks] in store numbers”


Luckin Coffee co-founder Guo Jinyi tells the Financial Times that the app-focused coffee chain will have 2,000 stores by year-end (Starbucks has 3,300) and that it is still in the stage of “fast development” where “we are not thinking about profits much”. For our first article on Luckin see WiC406.

© ChinTell Ltd. All rights reserved.

Sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.