Some of us are talking about the bidding war for Starbucks China assets these days, so I decided to do a bit field research in Shanghai today: this is Starbucks No.1 rival in China, Luckin Coffee, which just opened its first branch in New York City, shocking many New Yorkers. I g

Some of us are talking about the bidding war for Starbucks China assets these days, so I decided to do a bit field research in Shanghai today: this is Starbucks No.1 rival in China, Luckin Coffee, which just opened its first branch in New York City, shocking many New Yorkers. I got a cup of iced latte with seasonal flower flavor, only 10 RMB (about 1.4 USD) in Shanghai and Starbucks latte will cost you at least 3-4 times more expensive. How can Starbucks win in China? Hmm…

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