Published: August 11th, 2023,
Last updated: May 28th, 2025

There is a surprising change at the top of the Chinese coffee market: For the first time, Starbucks is no longer the best-selling company in China, but the domestic aggressor Luckin Coffee. The Xiamen-based company turned over 6.2 billion yuan (783 million euros) between April and June, up 88 percent year-on-year. Profit was 999 million yuan (126 million euros). Starbucks also recorded strong growth of 51 percent in the same period. On the bottom line, however, turnover in China was just behind Luckin at 5.9 billion yuan.