Luckin Coffee Chairman discusses Starbucks' bid to acquire shares in China.

Luckin Coffee Chairman Charles Lu said: The sale of Starbucks China equity is indeed a very hot topic. However, we did not participate. As I mentioned earlier, the capacity of the Chinese market is large enough, and different coffee brands have different positioning and development space. I understand that Starbucks China hopes to provide Chinese consumers with a differentiated consumer experience and products through further localization. As for their specific strategies and directions, they need to be jointly determined by local investors after joining, and we are also watching closely.