Starbucks, Luckin brewing up success in China’s drinks market
Consumers wait for coffee at a Luckin Coffee store in Shanghai on May 31. CHINA DAILY Starbucks Corp posted solid third-quarter results in China, with revenue and same-store sales rising year-on-year and operating margin recording quarterly improvement, even as local rival Luckin Coffee Inc continues to expand at a breakneck speed. Starbucks’ revenue in China…









