China’s Luckin Crosses 20 Bln Yuan in Beverage Sales With Ethiopia Among Key Suppliers
Chinese beverage chain Luckin Coffee said cumulative sales from its non-coffee beverage business had surpassed 20 billion yuan as of May 31, 2026, as the company deepened sourcing operations in coffee-producing countries including Ethiopia to support its rapidly expanding beverage portfolio. The company said its global store network had exceeded 35,000...