Chinese Beverage Chains Spread Across the US, Challenging Starbucks’ Dominance
Starbucks opened its first store in China in 1999, when drinking coffee in a Western-style café was still a novel idea to many locals. But in the years since, homegrown coffee and bubble tea brands like Luckin Coffee, Heytea, Chagee, and Mixue have gradually chipped away at Starbucks’ share of the Chinese market. Now, they…