Is Luckin Coffee bigger than Starbucks?
Luckin has grown rapidly in China, with its number of stores in the country surpassing Starbucks, although the latter still remains the largest coffee chain globally. Luckin has set itself apart with frequent, immediate deals for customers, innovative drinks, and an efficient technology-driven ordering system. U. S. Coffee Brands. As mentioned above, the U. S. Starbucks remains the industry leader with $27. Dunkin’ at $11. In total, there are 29 national players — a mixture of big-name national coffee chains and smaller regional businesses.Starbucks, luckin coffee and dunkin’ are the three largest coffee companies in the world, respectively. The largest coffee houses typically have substantial supply-chain relations with the world’s major coffee-producing countries.Starbucks is a bigger company in terms of market capitalization and the number of stores globally. Starbucks has also built a more premium brand, has stores that look more like a comfortable coffee house, has a more extensive menu, and greater product customization.Its beverages are about 30% cheaper than Starbucks in China, and the company is betting its cashless, app-based model will resonate with American customers.
How big is Luckin Coffee?
By 2023, Luckin Coffee crossed $3. Starbucks’s Chinese operations. Since then, it has scaled rapidly. Luckin currently has over 26,000 locations, most of them in China. Starbucks has around 8,000 stores in China. Thus, while Starbucks and other premium brands may rely on higher prices to convey luxury and quality, Luckin Coffee uses lower prices to attract a large volume of sales and customer acquisition. This strategy has allowed the brand to rapidly expand its market share in a relatively short period.Luckin Coffee’s main target customers are corporate customers, that is, people who work in the corporate are Luckin Coffee’s target customers. So all the corresponding follow-up marketing strategies are mainly developed around these target customers.Starbucks 7Ps of marketing comprises elements of the marketing mix that consists of product, place, price, promotion, process, people and physical evidence as discussed below in more details.
How much is Luckin Coffee worth?
Luckin Coffee has a market cap or net worth of $12. October 10, 2025. Its market cap has increased by 88. Luckin has grown rapidly in China, with its number of stores in the country surpassing Starbucks, although the latter still remains the largest coffee chain globally. Luckin has set itself apart with frequent, immediate deals for customers, innovative drinks, and an efficient technology-driven ordering system.BEIJING, July 30, 2025 (GLOBE NEWSWIRE) — Luckin Coffee Inc. Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the three months ended June 30, 2025 . Total net revenues were RMB12,358. US$1,723.Luckin Coffee has dominated the java-slinging business in its home country, where it overtook Starbucks as the largest coffee chain both by total sales and number of locations back in 2023.Luckin Coffee, which unseated Starbucks as the top chain in China, is now making a big play in the Seattle-based stalwart’s home country. As of mid-September, Luckin has opened 5 locations in New York City. Luckin stores operate without cashiers, and customers must place orders on its mobile app.And while the brand may be fresh on the U. S. Luckin has already surpassed Starbucks by store count in China. As Food & Wine reported, the chain was founded in Beijing in 2017, opened more than 26,000 stores in more than 200 cities in less than a decade, and boasts nearly 92 million customers per month.
Why is Luckin Coffee so successful?
Notably, in 2023, Luckin’s China revenue eclipsed Starbucks’ China revenue ($3. This rapid growth reflects a booming Chinese coffee market—one that in outlet count has even overtaken the U. S. One reason Luckin scaled so quickly is China’s huge untapped demand. The financial report shows that Luckin’s revenue in the second quarter was 12.