Luckin Coffee price hike affect workers

Industry analysts said the prolonged “coffee price war” in the Chinese market over the past two years is now gradually coming to an end. — China Daily

XIAMEN: Luckin Coffee, China’s largest coffee chain that became highly popular after it priced a cup at just 9.9 yuan, has announced rate hikes across its product lineup, leaving many office workers feeling the pinch.

In the wake of Luckin’s price increase, Starbucks is considering selling a stake in its Chinese operations, while Beijing-headquartered Cotti Coffee has suspended its shop-in-shop franchise model.