Luckin was then forced to file for Chapter 15 bankruptcy, and wouldn’t emerge from it until 2022.
But since then, it has overtaken Starbucks as China’s largest coffee retailer by sales.
The presence of Chinese companies seeking a US listing has fallen recently, however.
The U.S.-China Economic and Security Review Commission said that the number of Chinese companies listed on the three largest U.S. exchanges fell 5% from January 2023 to January 2024.
RexChagee is eying its first US spot in the Westfield Century City mall in Los Angeles this spring[/caption] GettyFrosty trade relations between the US and China at the moment could complicate things for Chagee[/caption]Hence then, the article about iconic overseas coffee chain to open first location in us this year to rival starbucks was published today ( ) and is available on The U.S. Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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