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China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia

China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia

China’s largest coffee chain Luckin Coffee has signed an agreement with Indonesia’s Banggai Islands Regency, making it the exclusive premium origin of coconut milk for its flagship Coconut Latte.
Starbucks ordered to pay $50M to customer burned by hot beverage

Starbucks ordered to pay $50M to customer burned by hot beverage

Chinese food and beverage chains win fans in Southeast Asia

Chinese food and beverage chains win fans in Southeast Asia

Quiz: Which is the world's largest food & beverage chain?

Quiz: Which is the world's largest food & beverage chain?

This food and beverage chain has the most stores globally, with 45,302 as of September 2024.
March 6, 2025 | 02:55 pm PT
Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune

Mixue founders surpass Starbucks’ billionaire ex-CEO Howard Schultz in wealth with $8.1 billion fortune

Zhang Hongchao and Zhang Hongfu, founders of Chinese beverage giant Mixue Group, now have a combined net worth of $8.1 billion, surpassing Starbucks' former CEO Howard Schultz.
March 4, 2025 | 08:57 pm PT
Shares of world's largest F&B chain Mixue jump nearly 30% in trading debut

Shares of world's largest F&B chain Mixue jump nearly 30% in trading debut

Shares of Mixue, world's largest food and beverage chain by store count, rose nearly 30% on their first day of trading on the Hong Kong Stock Exchange on Monday.
March 2, 2025 | 09:28 pm PT
Starbucks launches first coffee shop with cocktail service in Vietnam

Starbucks launches first coffee shop with cocktail service in Vietnam

U.S. coffee chain Starbucks on Friday opened its Reserve Mixology store in Hanoi, the first outlet in Vietnam which serves both coffee and cocktail.
February 28, 2025 | 12:25 am PT
Starbucks to cut ‘less popular’ drinks from menu

Starbucks to cut ‘less popular’ drinks from menu

Starbucks is making cuts to its menu, with some of the coffee giant’s “less popular beverages” set to take their final bow next week.
February 25, 2025 | 11:27 pm PT
China’s largest coffee chain Luckin Coffee makes Malaysia debut

China’s largest coffee chain Luckin Coffee makes Malaysia debut

China’s largest coffee chain Luckin Coffee has opened its first two stores in Malaysia with plans to have 200 outlets in the next two years.
January 24, 2025 | 06:49 am PT
Malaysia’s top coffee chain ZUS Coffee to open second Singapore outlet

Malaysia’s top coffee chain ZUS Coffee to open second Singapore outlet

ZUS Coffee, Malaysia’s largest coffee chain operator, is launching its second location in Singapore at the Westgate shopping mall.
January 9, 2025 | 09:02 pm PT
Quiz: Which is the largest coffee chain in China?

Quiz: Which is the largest coffee chain in China?

The top coffee chain in China reported revenues of 24.9 billion yuan (US$3.48 billion) in 2023.
December 8, 2024 | 03:10 pm PT
How ZUS Coffee become Malaysia’s largest coffee chain in 4 years

How ZUS Coffee become Malaysia’s largest coffee chain in 4 years

ZUS Coffee, a Malaysian firm that began as a small kiosk in Kuala Lumpur, took just over four years to become the biggest coffee chain operator in the country.
December 5, 2024 | 03:16 pm PT
Starbucks serves South Koreans coffee and glimpse into the North

Starbucks serves South Koreans coffee and glimpse into the North

The world's last Cold War frontier now has a Starbucks cafe in South Korea where customers can get a glimpse through the heavily militarized border into the North, all while sipping a latte.
November 29, 2024 | 04:26 pm PT
Starbucks employees to receive 60% bonus amid firm’s worst year since 2020

Starbucks employees to receive 60% bonus amid firm’s worst year since 2020

Many corporate workers at U.S. coffee chain Starbucks will get just 60% of their total bonuses for the 2024 fiscal year amid the company’s first annual sales decline since 2020.
November 26, 2024 | 08:06 pm PT
Luckin Coffee: from filing for bankruptcy to outselling Starbucks in China

Luckin Coffee: from filing for bankruptcy to outselling Starbucks in China

Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone Starbucks as China’s leading coffee chain.
November 23, 2024 | 04:43 pm PT
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