00:00Luckin Coffee, China's largest coffee chain, launched its first two U.S. locations in New York City on June 30th, featuring cashless, mobile-only ordering, and TikTok-friendly pricing for Gen Z drinkers.
00:13Known in China for beating Starbucks on price, offering about 30% cheaper drinks, Luckin aims to undercut U.S. competitors with beverages in the $2 to $3 range, backed by promotions and giveaways.
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