Luckin Coffee (LKNCY) enters the U.S. market with New York City stores, rivaling Starbucks (SBUX)with $1.99 coffee deals.

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative ...

The number of coffee shops in the US has topped over 40,000. That is likely to grow as demand continues to jump.