Luckin Coffee seeks more of China market with new vending machine business

rk_LuckinCoffee_080120.jpg, by rkhairil

Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country's biggest coffee chain by number of stores.[BEIJING] Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country's biggest coffee chain by number of stores.

Growing at breakneck speed by offering cheap delivery, online ordering and big discounts, Luckin also said it now has just over 4,500 stores across China - achieving a goal it set one year ago and topping Starbucks which has 4,100. Luckin showcased two vending machines at the event - one featuring a Swiss Schaerer coffee machine that can make a variety of hot and iced drinks, as well as one offering a range of snacks.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook's new Singapore team to serve China advertising business.Facebook's new Singapore team to serve China advertising business
Source: BusinessTimes - 🏆 15. / 51 Read more »

China pushes to diversify stock market investment: ReportBEIJING (REUTERS) - China will encourage the development of annuities and endowment insurance to diversify people's investment into the stock market, instead of direct share purchases from savings, the government-backed Securities Times said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »