After the Luckin coffee recent scandal, one may wonder, if cheaper coffee can still be bought with coupons. One may also think that Luckin coffee is the biggest competitor of Starbucks in China. However, in reality, Heytea milk tea will be the biggest competitor of Starbucks as Heytea is expanding its offering and venture into the coffee business, expanding its market in China.
Heytea is a famous milk tea brand in China. When . . .
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