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ith other brands. It added by saying that “we welcome orderly competition, m▓utual improvement, constant innovation, continuous improvement of quality and service to create re▓al value for Chinese consumers.”This issue has r▓aised widespread awareness on Chinese social media ▓and triggered a heated debate among netizens.“Star▓bucks has signed this kind of exclusive contracts earl▓y before, which c

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annot be regarded as monopoly since some ot▓her coffee brands like Costa, Mann Coffee wo▓uld do the same. So it’

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s highly likely that Luckin Coffee just wanted to hype its brand by criticizing Starbucks, in a bid to expand its ow

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n business and raise its status in the coffee ▓industry,” commented a user @JeffreeWang on▓ Weibo, China&rsquo

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;s equivalent of T▓witter.“Competition is welcomed in any industries since it will only benefit the consumers,” said another Weibo user @Teli_LY.Founded by Qia▓n Zhiya, former COO of UCAR, a C

hinese ride-hailing ▓app, Luckin

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Coffee has opened 525 stores in 13 cities▓ in China, serving 1.3 million custome▓rs with 5 million cups of coffee during its four-month soft launch.Targeting the young white collar market, Luckin Coffee s

hows its ambition to compete wit

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h the traditional ▓coffee brand, Starbucks, which has over 3,000 outlets across the country in more than 130 cities and serves more than six million cust▓omers every week, by offering cost-effective coffe

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