$LK Luckin will launch subsidiaries and franchises in every nation. Will anhillate Starbucks in all developing nations. Only rich liberals will be left as Starbucks customers. Let's look at the mission "to be a part of everyone's life, beginning with coffee." Coffee is only the beginning. They are already moving to selling various items through the app and many more beverages of all kinds besides coffee only. They will use the mountain of data on customers to be like an $AMZN of sorts, selling based on neighborhoods purchase pattern. 10-year hold here.
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