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China's upstart coffee chain takes shot at US giant Starbucks

Luckin Coffee gains popularity thanks to quality products and low prices

A barista serves a customer at a Luckin Coffee store in Beijing.   © Reuters

SHANGHAI -- Chinese coffee chain Luckin Coffee is rapidly catching up with its bigger U.S. rival Starbucks, capitalizing on its low prices.

One 34-year-old man in Shanghai, who buys coffee every day, recently switched from Starbucks to Luckin. He said Luckin offers good coffee and he uses the chain often these days because its coffee is cheaper if bought with friends.

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