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Image: Healthycliff Syndor on Unsplash
Canadians are also offering the world's second favorite black liquid gold to the world. Tim Hortons (absorbed by $QSR 58.98) is chasing its footprint in China to compete with Starbucks ($SBUX 97.01) and Luckin ($LKNCY delisted from NASDAQ after fraud accusations). McDonald's ($MCD 214.09) is also making its land grab. Dunkin' hasn't done much there since their failed launch the first decade around their other sugar product the Chinese simply didn't like. Boston has something to say about that.
McDonald's is set to spend 380MM USD to open 3,000 McCafé stores in China, bringing its total of little stores to 4,000, quickly approaching Starbuck's 4,700 stores. Starbucks currently charges 4.60 USD per cup of coffee.
Meh, just put up the initial layout for a Nespresso machine, happily spend the 1.10 USD for far superior coffee in recyclable pods, and be done with it. Like mescaline, it's the only way to fly.