date:Jan 02, 2019
where she can meet up with friends.
Coffee's answer to Xiaomi
Towson described Luckin as the coffee industry equivalent of Xiaomi, the upstart Chinese smartphone maker that became one of the country's top brands by selling cheaper alternatives to Apple's (AAPL) iPhone.
To succeed, Luckin doesn't necessarily have to try to overtake Starbucks as China's top coffee brand. Analysts say the market is big enough for both of them.
For the time being, Luckin is losing money as it seeks to grow, a c