Luckin Coffee: Profitable Growth At A Discount

China loves its coffee – who knew? The Chinese Coffee Market Muffins, chicken wraps, or breakfast sandwiches cost RMB 15 - 20, meaning that a coffee and food item were priced on par with a McDonald's Quarter Pounder value meal. 2) According to the Guardian Newspaper, Cotti Coffee, which was founded in 2022, has 6,061 outlets in China, 6004 of which were opened in 2023 alone. Cotti's website states that it now has 7,000+ stores in 28 countries, and 300+ cities. Cotti is opening up stores adjacent to establis ...