Rachel Chang

Rachel Chang, Bloomberg's managing editor for global business in Asia, dives into the remarkable comeback of Luckin Coffee, which has surged past Starbucks as China's leading coffee retailer. She discusses the innovative strategies that fueled Luckin's rise, including automated stores and unique, locally-inspired beverages. The conversation also touches on Luckin's dramatic fall from grace due to an accounting scandal and its resilience in the face of competitors. Can this coffee giant maintain its momentum in China's booming market?

Bloomberg correspondent Rachel Chang discusses Luckin Coffee's impressive rise above Starbucks in China, highlighting the chain's automated stores, low prices, and popular local flavors. The podcast covers Luckin's comeback from bankruptcy, challenges in sustaining success as more rivals emerge, and the growth of coffee culture in China.