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COMING UP:Share Opener Variant 3

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00:00:00
this coffee house big ambitions for , Hey was from Beijing it's official launch was only early last year and it's already waging a toughie more with Starbucks in China the look in coffee brand has been expanding across the country at breakneck speed and its listing on the nasdaq this week has been hotly anticipated unless is saying if there was such a thing as a coffee business will book lookin would tear it up it took just six months to be valued at one billion U. S. dollars its lead in top notch investors worldwide including Black Rock and Gee I see and it's already open to more than two thousand cafes which it plans to more than double by the year's end to overtake Starbucks in China so what does this mean for its older American rival I saying Starbucks is my worried about looking to the issue has been following the company for voices since its launch sell basically a looking call Faye is the relatively young lover interesting Chinese call please stop according to is ideal price range like king K. actually raised up to nearly six hundred million US dollars I killed this week sell make kids the biggest a U. S. listing by Chinese companies so far this year , in order to compete Starbucks is already teamed up with Ali Baba to deliver its coffee as it witnessed a surge in local competition the big question now is whether looking it can rein in IT spending while still keeping its customers fueled on Chinese coffee