Market Update Categories

Watch out Starbucks, China is double trouble with a tea brand and a low-cost coffee rival, after Chagee and Luckin Coffee stepped up their bids to rival the U.S. coffee giant. Read more As Chinese premium tea chain Chagee prepares to open its first U.S. store in Westfield Century City in Los Angeles this spring, the company has also filed for a U.S. initial public offering on the Nasdaq.