From coffee to cars to real estate, there’s a recurring pattern in China — companies rush into an industry, then resort to discounts to stay afloat.

Chloe Chan rode her scooter a couple blocks up from the home she was catsitting at in Manhattan to pick up her first iced coconut latte from Luckin Coffee. As a consumer of Chinese media, Chan knew ...

FOX 5 NY's Duarte Geraldino discusses the first NYC location for Chinese coffee brand "Luckin Coffee" and their rivalry with ...

Luckin Coffee (LKNCY) enters the U.S. market with New York City stores, rivaling Starbucks (SBUX)with $1.99 coffee deals.