Luckin Coffee’s entry into Hong Kong a sign of mainland Chinese brands’ growing dominance

Quick Summary:

China’s largest coffee chain opens first outlet in the city as it goes up against US rival Starbucks.

Retail sales in the first 10 months of the year fell 7.1 per cent to about HK$312.3 billion (US$40.2 billion), compared with the same period in 2023.

Luckin recently opened its first branch at Mira Place in Tsim Sha Tsui, marking its entry into a market that is currently dominated by Starbucks, the US coffee chain.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongChina

Topics: Chinese Kong’s Hong Mainland Luckin According Coffee Retail Brands Kong Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 11:30:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24620159

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 7 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 57 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions