China’s Starbucks Rival Luckin Coffee Opens Its First U.S. Stores in Manhattan - Barron's
1. Luckin Coffee opened two stores in New York City. 2. Promotional campaigns offer low-priced beverages to attract customers. 3. Luckin faces stiff competition from Starbucks in the U.S. market. 4. Luckin shares have increased 52.2% since the year's start. 5. Future success hinges on commitment and market share strategies.