Chinese Luckin is taking on the U.S. coffee market

I just visited Chinese coffee giant Luckin here in New York. This latte cost me $1.99%. In China, Lucken is bigger than Starbucks by both revenue and store count, and it's touchdown here in the US.Lucken's full price drinks are actually not that different from Starbucks. The difference is you're probably not going to be paying full price at Lucken. You can only order on its app and it showers you with coupons, especially when you first sign up.Luck's business model is low margin, high volume. That means it ...