Chinese brands like Luckin Coffee, Pop Mart, and HEYTEA are expanding in the United States, despite the ongoing trade war. CNN’s Vanessa Yurkevich and Marc Stewart report from two different continents on why the companies covet American customers.
Breakdown
- Luckin Coffee, a Chinese brand, has overtaken Starbucks in China since 2019. 11s
- Luckin operates about 22,000 stores in China and has opened its first two US locations. 16s
- The chain is known for its affordable pricing, with specialty lattes costing around $1.25 in China. 34s
- Other Chinese brands like Hei Tea and Popmart are also expanding into the US market. 58s
- US consumers seem open to Chinese brands, focusing on product quality and price. 1m 54s