iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,783 Blog Posts

THE CHINESE STARBUCKS IS A DENIZEN OF GENIUS

If Starbucks was a smart company, they’d ditch the healthcare for their employees and attractive wages. By my point of view, human employees are gratuitous altogether. Let those people eat cake.

Over in China, their largest national coffee chain isn’t bothering with people and have opted for SELF SERVING stations. Very mechanical and methodical in nature. The Chinese enjoy systems and adhere to them, otherwise the party liquidates them.

Branded as Luckin Coffee Express, the self-service machine is designed for public spaces like schools and office buildings. Users can locate the nearest coffee machine and place an order through the Luckin app. Drinks are ready 30 seconds after scanning the pick-up code.

The company will launch a pilot program to test the project soon, according to media reports.

The Chinese brand of Luckin Coffee Express, “???,” was trademarked by a Beijing subsidiary of the coffee upstart in May, according to Trademark Office of China’s National Intellectual Property Administration.

Luckin’s aggressive expansion has positioned the coffee startup as a challenger to Starbucks in China. The company said in January that it plans to have 4,500 stores in China by the end of the year, up from around 2,370 as of March. That’s on par with Starbucks, which has around 3,800 in China and plans to add 600 more by the end of September .

Look at all of that growth boy. Plus with this trade war really heating up, there is a better than average chance the Chinese government will somehow fuck SBUX, no? Where else will hard working China-men get their morning cup of Joe or green tea?

TICKER IS LK.

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8 comments

  1. awanka

    I don’t know, Mr. Fly. I think part of what you’re paying for at Starbucks is the ambiance.

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    • gsofield

      Those that enjoy the ambiance are loiters spending very little money. The target is for those that want speedy service – get in and get out – not the hippies sucking on the free wi-fi tit

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  2. ericbakerbruce

    Indeed. I like the heavily tattooed female barista that makes my morning joe. The nose ring makes her that much more attractive. However, I shutter at the thought of stepping on all those dirty needles when I have to hit the head.

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  3. ferd

    Sorry Mr Pompeo, no war yet https://www.youtube.com/watch?v=nCm-zV4g9GE

    But your bluster still reliably lifts the dollar. $DXY half way back here. Go Navy.

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  4. mx2101

    At Starbucks I perversely enjoy wondering if the barista will successfully make the simple drink I am paying $ 6.15 for. Eric, in another city I regularly stepped over homeless people sleeping on the sidewalk outside Starbucks. Also encountered some creative con artists, who failed to extract cash from me. Starbucks here is a sailing motif somewhat upscale shopping place with more refined customers. Moneyed wrinkles, boat shoes and well preserved dream-boats.

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  5. moosh

    Anyone know where they get their beans??

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  6. moosh

    Beans are probably grass fed, and of the finest grass possible. Purely organic and rare earth tasting, not like that shitty Starbucks garbage

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