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The Chinese Coffee Chain Beating Starbucks | Big Take Asia

China’s Luckin Coffee is the nation’s top coffee retailer, overtaking even Starbucks. That would be notable itself, but less than 4 years ago the company filed for bankruptcy, making its comeback even more unlikely. The turnaround is in part thanks to the chain’s automated stores, cut-price deals and innovative drinks that appeal to local tastes. Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg’s Rachel Chang on how Luckin managed to turn around its failing business to overtake Starbucks, and asks whether it can hold on to its success as coffee takes off in China, and more rivals emerge. Read more: China’s Luckin Coffee Is Back From the Brink and Beating Starbucks (https://www.bloomberg.com/news/articl...) Further listening: What Does China’s Economic Slowdown Mean For the Communist Party? (https://omny.fm/shows/the-big-take/wh...) See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Listen to more Big Take: Asia:    • Big Take Asia   A deep dive into understanding Asia and how it impacts the global economy and world of business. Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of The Big Take:    • The Big Take | Bloomberg Podcasts   Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter:   / podcasts   Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake   For coverage on news, markets and more: http://www.bloomberg.com/video #china #coffee #asia #news #podcast