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June 12, 2026
Luckin Coffee in SG
Success in China Does Not Guarantee a Win in Singapore
Persuade 94 million monthly active customers to choose you over a competitor selling the same drink for less. Run on an app, be fast and learn to price well.
Then make sure the discipline is so tight that margins are measured in fractions.
You must do all of this while Starbucks, Luckin, Cotti and forty other regional chains do the exact same.
PE and VC firms that believe in you are in it for the long game. They back you and hope you're above average. Because China never rewards average. They never did.
Luckin Coffee, built entirely in China, now operates 33,500+ stores globally with 82 in Singapore - its largest self operated international market.
Singapore is a different market entirely, seeing if it’ll last is a different story.