Read about Seattle coffee retail giant Starbucks, CEO Howard Schultz and developments in the coffee industry. Topics include Starbucks brands such as Via, Teavana, Verismo, Frappuccino, Cafe Misto, Pike Place Roast and Seattle's Best Coffee. Topics also include competitors such as Peets, Tully's, Caribou, Costa Express, McDonald's and Dunkin' Donuts; and Starbucks' global expansion in markets such as India and China.
Luckin Coffee, an unprofitable startup offering big giveaways, burst less than two years ago into a Chinese coffee scene long dominated by Starbucks. It has gained nearly 17 million customers and built 2,370 stores. On Friday, stock investors in the United States had a chance to buy into this fast-growth, cash-burning model.