Luckin Coffee's not-so-secret weapon in battle with Starbucks: Tea
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(Reuters) - Luckin Coffee Inc's new teas pulled in more customers to its rapidly expanding network of stores in China in the third quarter, helping the Starbucks rival post a smaller-than-expected loss and sending its shares up nearly 14%.Luckin, which also forecast fourth-quarter revenue above estimates, has benefited from a growing love for caffeine in China's major cities such as Beijing and Shanghai, but tea still dominates smaller towns.The company in July introduced fruit-flavoured teas..