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The first brand is homegrown. As Crunchbase<\/a> reports, Chinese startup Luckin Coffee<\/a> has raised $200 million in investment capitol, putting their total valuation at a staggering $1 billion. From the article, Luckin is \u201cworking to provide an upscale experience at a reasonable price point\u2026 using a mass-store model to compete with Starbucks in China.\u201d Starbucks currently has over 3,300 stores in China, its second biggest market outside of the United States.<\/p>\n The next competitor comes from North America\u2014Canada to be specific\u2014with Tim Horton\u2019s<\/a> announcing plans to open 1,500 stores in China. According to The Guardian<\/a>, the stores are scheduled to open over the course of the next decade, adding to the Canadian coffee chain\u2019s 4,700 locations.<\/p>\n \u201cWe have already seen Canada\u2019s Chinese community embrace Tim Hortons and we now have the opportunity to bring the best of our Canadian brand to China,\u201d his statement said.<\/p><\/div>\n<\/div>\n With a population nearing 1.4 billion, China makes sense as the next big coffee brand frontier. These two brands alone may soon combine to eclipse the number of Starbucks stores in the country. The winner in this heavyweight battle\u2014should there be a winner, and let’s be honest, there’s probably room for all three to thrive\u2014remains to be seen. But for now we know that a lot of money and a LOT<\/strong> of coffee are coming to China.<\/p>\n Zac Cadwalader<\/a>\u00a0is the news editor at Sprudge Media Network and a staff writer based in Dallas.\u00a0Read more Zac Cadwalader\u00a0on Sprudge<\/a>.<\/em><\/p>\n The post Starbucks Is About To Have A Lot Of Competition In China<\/a> appeared first on Sprudge<\/a>.<\/p>\n Source: Coffee News<\/p>\n","protected":false},"excerpt":{"rendered":" China is shaping up to be the next battleground in the big coffee chain wars. In the past week alone, two major developments\u2014backed by some serious investments\u2014have been announced as…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[39,41],"tags":[63,45,65,47,61,49,59,67,55,57],"_links":{"self":[{"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/posts\/853"}],"collection":[{"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/comments?post=853"}],"version-history":[{"count":1,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/posts\/853\/revisions"}],"predecessor-version":[{"id":855,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/posts\/853\/revisions\/855"}],"wp:attachment":[{"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/media?parent=853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/categories?post=853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecurbkaimuki.com\/rest\/wp\/v2\/tags?post=853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/sprudge.com\/file\/2018\/07\/china.jpg\")
China is shaping up to be the next battleground in the big coffee chain wars. In the past week alone, two major developments\u2014backed by some serious investments\u2014have been announced as two brands are making big pushes to challenge Starbucks<\/a> in the world\u2019s most populated country.<\/p>\n\n\u201cChina\u2019s population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years,\u201d said Alex Macedo, president of the company known for its coffee and donuts.<\/p>\n