China's homegrown coffee giants are brewing up a U.S. expansion

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Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond. ➡️ Luckin Coffee and rival Cotti Coffee have expanded aggressively in China and have since ventured into Southeast Asia. Luckin is set to take its biggest leap yet with plans to open a branch in lower Manhattan following Cotti which just opened outlets in Brooklyn and Manhattan. ➡️ Over time, analysts estimate that Luckin and Cotti will still be cheaper than Starbucks in the U.S., but the gap will be narrower than it is in China. Read the full report here: https://cnb.cx/45NYtpf Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci