Bernstein analysts believe that Luckin Coffee, a Chinese coffee chain, has the potential to rival Starbucks in the U.S. market. Luckin Coffee currently has over 6,900 stores in China and plans to expand internationally. The company’s focus on technology and convenience could give it an edge against Starbucks.
Read more at Investing.com: Could China’s Luckin Coffee rival Starbucks in the U.S.? Bernstein weighs in