Shots of Coffee: Coffee and Coffee Chains
Year End Store Count of Top 10 Coffee Chains in China
2023 Year End Store Count of Top 10 Coffee Chains in China
Source:
1) Luckin Coffee store count is based on its official wechat channel.
2) Tims China store count is based on its press release dated January 9, 2024.
3) Nowwa Coffee store count is based on its website.
4) All other coffee chains’ store count is based on canyandata.com.
Cost Structure Highlights
Coffee Bean Price Weekly Updates
Source: www.tradingeconomics.com
Milk Price Weekly Updates
Source: www.tradingeconomics.com
Sugar Price Weekly Updates
Source: www.tradingeconomics.com
China Labor Costs Index
Source: www.tradingeconomics.com
Caffeinated Articles
Robot invasion? Luckin rival Cotti to bring robotics into new coffee and tea stores
The multi-year partnership will see Luckin Coffee’s logo displayed on TV and online broadcasts of the tournament and co-branded products launched across its 13,270 stores in China and Singapore
Mixue has over 16,000 franchisees and, of over 32,000 stores nationwide, only 4.5 percent are located in first-tier cities, and third-tier and below cities account for over 56 percent of the total number of stores.
https://www.shine.cn/biz/economy/2401106293/
The closure of Milksha’s last Singapore store follows Flash Coffee and Spinelli Coffee’s departure amid growing competition and high costs in the city-state