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A delicious corporate rivalry is brewing! After an accounting fraud scandal nearly derailed its rise, Luckin Coffee has become the top-selling coffee chain in China. Now it’s expanding stateside, with two new locations in New York City. WSJ’s Hannah Miao  explains why Luckin’s tech-forward business model made it a winner in China, and whether Starbucks can fend off the competition by returning to its coffee house roots. Annie Minoff hosts.



Further Listening:

Fraud Rocks China's Hottest Coffee Startup

The Inside Story of Starbucks's CEO Drama

The Underdog Coffee Bean That's Making a Comeback

Sign up for WSJ’s free What’s News newsletter. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

<a href="https://www.wsj.com/business/retail/china-luckin-starbucks-coffee-chain-6f0999a5?mod=WSJ_TJPOD">A delicious corporate rivalry is brewing! </a>After an <a href="https://www.wsj.com/business/scandal-tarred-luckin-coffee-plots-a-comeback-11643368620??mod=WSJ_TJPOD">accounting fraud scandal</a> nearly derailed its rise, Luckin Coffee has become the top-selling coffee chain in China. Now it’s expanding stateside, with two new locations in New York City. WSJ’s <a href="https://www.wsj.com/news/author/hannah-miao">Hannah Miao</a>  explains why Luckin’s tech-forward business model made it a winner in China, and whether Starbucks can fend off the competition by returning to its coffee house roots. <a href="https://www.wsj.com/news/author/annie-minoff?mod=WSJ_TJPOD">Annie Minoff</a> hosts.
 
Further Listening:
<a href="https://open.spotify.com/episode/23db7meESvE2QorqqgrY2Q?si=172fab23f0c94073">Fraud Rocks China's Hottest Coffee Startup</a>
<a href="https://open.spotify.com/episode/1KOD5bHuXU6usmFJCIhfXJ?si=64739b94082c40e9">The Inside Story of Starbucks's CEO Drama</a>
<a href="https://open.spotify.com/episode/6iNTC4cusWf6oEEpmgt2n5?si=9226b4209f7846e0">The Underdog Coffee Bean That's Making a Comeback</a>
Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>. 
 Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

A delicious corporate rivalry is brewing! After an accounting fraud scandal nearly derailed its rise, Luckin Coffee has become the top-selling coffee chain in China. Now it’s expanding stateside, with two new locations in New York City. WSJ’s Hannah Miao  explains why Luckin’s tech-forward business model made it a winner in China, and whether Starbucks can fend off the competition by returning to its coffee house roots. Annie Minoff hosts.

Further Listening:
Fraud Rocks China's Hottest Coffee Startup
The Inside Story of Starbucks's CEO Drama
The Underdog Coffee Bean That's Making a Comeback
Sign up for WSJ’s free What’s News newsletter. 
 
Learn more about your ad choices. Visit megaphone.fm/adchoices