Shoppers are taking advantage of a $42 billion government trade-in program aimed at boosting spending. But in recent weeks, ...

Chloe Chan rode her scooter a couple blocks up from the home she was catsitting at in Manhattan to pick up her first iced ...

Chinese ecommerce giants JD.com and Alibaba have ignited a battle for the country’s fast-growing instant retail market, ...

And they are facing other hurdles, including competition from direct-to-consumer brands such as Saturnbird Coffee and Yongpu Coffee, as well as convenience store brands, such as Convenience Bee ...

(Yicai) July 17 -- Temasek Holdings maintains a long-term optimistic outlook on China, with a focus on artificial intelligence and emerging consumer sectors, even as its exposure to the market ...

Luckin Coffee, the largest coffee chain in China, has opened a pair of locations in New York. And that could put an added emphasis on Starbucks’ ongoing turnaround plans, as Luckin has grown to ...

Starbucks' China business has been valued at $10 billion. Experts explain why that valuation may be a bit stretched for ...

The number of China coffee stores with ASPs below 20 yuan grew 109% in 2022 vs. 76% for those with 20-40 yuan ASPs. Store counts for 40-60 yuan ASP operators fell 58%, according to Meituan. Price ...

China Central Television (CCTV) recently broadcast a 22-minute “special investigation” into why a medium latte at Starbucks in Beijing costs Rmb27 (US$4.43), one-third more than in Chicago.

U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained ...

The coffee chain's revenue slumped sharply in the latest quarter, and the company announced 1,100 job cuts as it revamps operations to shore up weak sales which in China alone fell for the fourth ...

China's luxury slump is spreading to more consumer brands. Companies like Starbucks, Estée Lauder, and Nike have reported falling sales in the region. Consumer confidence continues to be weak ...