Why Luckin’s ultimate target may not be Starbucks

Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks rival in China, where the Seattle giant controlled […]

Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks rival in China, where the Seattle giant controlled over half of the coffee market as late as 2017. But as soon as you make your first purchase with Luckin, you realize its ultimate goal may not be to topple Starbucks.

To get your caffeine intake from Luckin, the ordering process happens entirely on its app. First, you will decide how you want to fetch the drink: have it delivered within 30 minutes, pick it up at a nearby Luckin kiosk, or sit back and sip at one of its full-on cafes, or what it calls ‘relax stores.’

Say you’re tied up at the desk, you can input your location to check if you’re within Luckin’s delivery radius. Luckin has essentially built a vast coffee delivery network through its partnership with one of China’s biggest courier services SF Express, which dispatch staff to ferry the drinks on scoot fleets.luckin You then place the order, choosing from a range of drinks and customizing it — hot or cold, the amount of sugar and portions of creamer, the type of syrup flavor and the likes. When you get to the end, Luckin will ask you to pay via its app. If you’re a first-time user, you get a ‘first order free’ voucher, a common strategy for many Chinese consumer-facing apps to lure new users.

Sammy Singh

Graduate of UCLA and Wharton School of Business and Media Personality. World renowned global entrepreneur, venture capitalist, financial technology professional, tax specialist, marketing mogul, and more! Connect with me at: www.linkedin.com/in/cfo www.instagram.com/champagnegqpapi www.facebook.com/sammysinghcxo www.twitter.com/cxosynergy

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Future's Son Got a $29,200 Rolex For His Birthday

Fri May 24 , 2019
<div><p><em>Welcome to Watches of the Week, where we'll track the rarest, wildest, and most covetable watches spotted on celebrities.</em></p> <p>Rap superstar Future's son is named—what else?—Baby Future. And Baby Future celebrated his fifth birthday last weekend, officially turning the age when you get to hold up all your fingers while announcing, “<em>I’m this many.”</em> As his birthday present, Future Sr. gave his son a brand-new Rolex Datejust that costs almost $30,000. Many people treat watches of this caliber like heirlooms, holding onto them until their children can truly appreciate an object meant to be treasured forever. But Baby Future received his Rolex before he even hit the first grade. He took it all in stride, offering up a polite, “Thanks” in response to the gift. Also this week: Drake’s collection of Richard Mille pieces expands in less horny directions and Virgil Abloh wears a more traditional Patek Philippe.</p> <div class="callout callout--group callout--group-2"> <figure class="asset-embed callout--group-item callout--group-item-2"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Future's Son Got a 29200 Rolex For His Birthday" class="responsive-image__image" src="https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_1600%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png" srcset="https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_1600%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png 1600w, https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_1280%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png 1280w, https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_1024%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png 1024w, https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_768%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png 768w, https://media.gq.com/photos/5ce59584bacbf2d5f521c057/master/w_640%2Cc_limit/Screen%252520Shot%2525202019-05-22%252520at%2525202.23.57%252520PM.png 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span></figure></div> <h3>Baby Future’s 31-millimeter Rolex Datejust</h3> <p>Baby Future's teensy Datejust was purchased at Eliantte, high-grade jeweler to the stars, Future’s stylist Bobby Williams tells us. The watch is just small enough to fit on the grade-schooler’s wrist and should make for the best item to turn up at a show-and-tell someday soon.</p> <div class="callout callout--group callout--group-2"> <figure class="asset-embed callout--group-item callout--group-item-1"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Virgil Abloh sitting on the floor at a party" class="responsive-image__image" src="https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_1600%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg" srcset="https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_1600%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg 1600w, https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_1280%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg 1280w, https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_1024%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg 1024w, https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_768%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg 768w, https://media.gq.com/photos/5ce59583b41d0995cccd79c0/master/w_640%2Cc_limit/https___hypebeast.com_image_2019_05_virgil-abloh-12-inch-voices-installation-manifesto-lafayette-anticipations-paris-france-8.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span> <figcaption class="caption asset-embed__caption"><span class="caption__credit">Thomas Barthélemy/HYPEBEAST FRANCE</span></figcaption></figure><figure class="asset-embed callout--group-item callout--group-item-2"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Future's Son Got a 29200 Rolex For His Birthday" class="responsive-image__image" src="https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_1600%2Cc_limit/13044-z.jpg" srcset="https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_1600%2Cc_limit/13044-z.jpg 1600w, https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_1280%2Cc_limit/13044-z.jpg 1280w, https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_1024%2Cc_limit/13044-z.jpg 1024w, https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_768%2Cc_limit/13044-z.jpg 768w, https://media.gq.com/photos/5ce59582bacbf21b9721c055/master/w_640%2Cc_limit/13044-z.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span></figure></div> <h3>Virgil Abloh’s Patel Philippe Nautilus 3700</h3> <p>Virgil Abloh caught our attention a couple of weeks ago when he wore a customized completely matte black Patek Philippe. The designer is typically dead set on tweaking designs ever so slightly to make them undeniably his. Not the case with the Patek Philippe he wore while presenting his new “sound installation” in Paris. If there’s an object perfect enough that even Abloh would leave it as-is, it makes sense it’s this vintage Patek Philippe Nautilus with a black dial and 18-carat gold case.</p> <div class="callout callout--group callout--group-2"> <figure class="asset-embed callout--group-item callout--group-item-1"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="TORONTO ONTARIO MAY 19 Rapper Drake attends game three of the NBA Eastern Conference Finals between the Milwaukee Bucks..." class="responsive-image__image" src="https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_1600%2Cc_limit/GettyImages-1150379290.jpg" srcset="https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_1600%2Cc_limit/GettyImages-1150379290.jpg 1600w, https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_1280%2Cc_limit/GettyImages-1150379290.jpg 1280w, https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_1024%2Cc_limit/GettyImages-1150379290.jpg 1024w, https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_768%2Cc_limit/GettyImages-1150379290.jpg 768w, https://media.gq.com/photos/5ce59584e35211ccf3a7b90e/master/w_640%2Cc_limit/GettyImages-1150379290.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span> <figcaption class="caption asset-embed__caption"><span class="caption__credit">Gregory Shamus</span></figcaption></figure><figure class="asset-embed callout--group-item callout--group-item-2"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Future's Son Got a 29200 Rolex For His Birthday" class="responsive-image__image" src="https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_1600%2Cc_limit/96336_MAIN_5182.jpg" srcset="https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_1600%2Cc_limit/96336_MAIN_5182.jpg 1600w, https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_1280%2Cc_limit/96336_MAIN_5182.jpg 1280w, https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_1024%2Cc_limit/96336_MAIN_5182.jpg 1024w, https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_768%2Cc_limit/96336_MAIN_5182.jpg 768w, https://media.gq.com/photos/5ce59582bacbf230d221c054/master/w_640%2Cc_limit/96336_MAIN_5182.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span></figure></div> <h3>Drake’s Richard Mille RM 11-03</h3> <p>To watch the double-overtime thriller between his beloved Toronto Raptors and the Milwaukee Bucks, Drake wore yet another Richard Mille watch. Over the past couple months, Drake’s worn a blinged-out lady's piece as well as one featuring panels printed with erotic phrases (“Let Me Kiss You Tonight” is one PG example), both from Richard Mille. Drake’s newest piece from the brand is the RM 11-03 Automatic Flyback Chronograph with a dial that appears to have been ripped directly from the dash of a Formula One car.</p> <div class="callout callout--group callout--group-2"> <figure class="asset-embed callout--group-item callout--group-item-1"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="DJ Khaled wearing a very big diamond encrusted watch" class="responsive-image__image" src="https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_1600%2Cc_limit/khaled-watch.jpg" srcset="https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_1600%2Cc_limit/khaled-watch.jpg 1600w, https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_1280%2Cc_limit/khaled-watch.jpg 1280w, https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_1024%2Cc_limit/khaled-watch.jpg 1024w, https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_768%2Cc_limit/khaled-watch.jpg 768w, https://media.gq.com/photos/5ce43a58bacbf2d1d121bffd/master/w_640%2Cc_limit/khaled-watch.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span> <figcaption class="caption asset-embed__caption"><span class="caption__credit">YouTube</span></figcaption></figure><figure class="asset-embed callout--group-item callout--group-item-2"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Future's Son Got a 29200 Rolex For His Birthday" class="responsive-image__image" src="https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_1600%2Cc_limit/5980_1R_001_1.jpg" srcset="https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_1600%2Cc_limit/5980_1R_001_1.jpg 1600w, https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_1280%2Cc_limit/5980_1R_001_1.jpg 1280w, https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_1024%2Cc_limit/5980_1R_001_1.jpg 1024w, https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_768%2Cc_limit/5980_1R_001_1.jpg 768w, https://media.gq.com/photos/5ce59582bacbf2eb8321c053/master/w_640%2Cc_limit/5980_1R_001_1.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span></figure></div> <h3>DJ Khaled’s Patek Philippe Nautilus Chronograph</h3> <p>DJ Khaled, the father of Asahd, appeared on Jimmy Fallon wearing a diamond-encrusted Patek Philippe Nautilus (presumably a major key). The Nautilus is already a watch-guy fave, the rare piece dudes willingly wait on lists for almost a decade to buy. But DJ Khaled built his career on a version of pop hedonism where one A-list name is never enough for a single track. Why just Beyonce when you can get her <em>plus</em> Future and Jay Z? Think of this watch the same way: Why just wear a simple Patek when you can smother it with diamonds?</p> <div class="callout callout--group callout--group-2"> <figure class="asset-embed callout--group-item callout--group-item-1"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="FARMINGDALE NY MAY 19 Brooks Koepka of the United States with the Wanamaker Trophy after winning the 2019 PGA..." class="responsive-image__image" src="https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_1600%2Cc_limit/GettyImages-1145333908.jpg" srcset="https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_1600%2Cc_limit/GettyImages-1145333908.jpg 1600w, https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_1280%2Cc_limit/GettyImages-1145333908.jpg 1280w, https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_1024%2Cc_limit/GettyImages-1145333908.jpg 1024w, https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_768%2Cc_limit/GettyImages-1145333908.jpg 768w, https://media.gq.com/photos/5ce59583e3521165b4a7b90c/master/w_640%2Cc_limit/GettyImages-1145333908.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span> <figcaption class="caption asset-embed__caption"><span class="caption__credit">Icon Sportswire</span></figcaption></figure><figure class="asset-embed callout--group-item callout--group-item-2"><span class="responsive-asset asset-embed__responsive-asset responsive-asset--invisible"><picture class="responsive-image asset-embed__responsive-asset"><noscript> <p><img alt="Oyster Perpetual SkyDweller" class="responsive-image__image" src="https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_1600%2Cc_limit/M326935-0007_PK13_001.jpg" srcset="https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_1600%2Cc_limit/M326935-0007_PK13_001.jpg 1600w, https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_1280%2Cc_limit/M326935-0007_PK13_001.jpg 1280w, https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_1024%2Cc_limit/M326935-0007_PK13_001.jpg 1024w, https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_768%2Cc_limit/M326935-0007_PK13_001.jpg 768w, https://media.gq.com/photos/5ce595851f8a4ecf7addac90/master/w_640%2Cc_limit/M326935-0007_PK13_001.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></p> </noscript></picture></span> <figcaption class="caption asset-embed__caption"><span class="caption__credit">Rolex</span></figcaption></figure></div> <h3>Brooks Koepka’s Rolex Oyster Perpetual Sky-Dweller</h3> <p>Winners wear Rolexes. When Tiger Woods won his first Masters tournament in over a decade last month, he celebrated by putting on a Rolex Deepsea D-Blue. And after Brooks Koepka held onto victory at Bethpage Black last weekend, he hoisted the trophy in the air while wearing a Rolex Sky-Dweller. The watch distinguishes itself with a center sub-dial that keeps track of a second time zone. Maybe he already has his time set to Pebble Beach, California, the home of the next major.</p> <div class="content-card-embed content-card-embed--stacked" readability="20.845714285714"> <div class="content-card-embed__image"><span class="responsive-asset"><picture class="responsive-image"><img alt="George Clooney and wife" class="responsive-image__image" src="https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_775%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg" srcset="https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_775%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg 775w, https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_775%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg 775w, https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_768%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg 768w, https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_768%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg 768w, https://media.gq.com/photos/5cdedc531f8a4e13b0ddab84/master/w_640%2Cc_limit/Watch-Roundup-GQ-05172019_3x2.jpg 640w" sizes="(min-width: 1600px) 800px, (min-width: 1024px) 50vw, 100vw"></picture></span></div> <div class="content-card-embed__info" readability="22.148571428571"> <p>Plus, Jay-Z gave his $2.5 million Richard Mille a night off in exchange for an equally special piece.</p> <div class="content-card-embed__byline"> <div class="content-card-embed__byline__content"> <p><span class="byline__preamble">By</span> <span class="byline__name">Cam Wolf</span></p> </div> </div> </div> </div></div>
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