Tech
How Chinese Companies Are Taking Over The U.S.
CNBC Marathon covers the changing U.S. business landscape as Chinese firms continue to influence food and drink, entertainment and artificial intelligence.
Luckin Coffee, the chain that quickly overtook Starbucks in China, has opened its first U.S. locations in New York City. While the company, founded in 2017, is expected to expand rapidly, it has already lived through a major fraud scandal and bankruptcy in its home market. So now the question is: can it pose a real risk to major domestic coffeehouse chains like Starbucks? Watch the video to learn about how Luckin Coffee is taking on the U.S.
Duanju, the Chinese term for micro dramas known for wild plots and vertical, bite-sized videos, made headlines in China in 2024 as the industry surpassed the country’s box-office revenue for the first time. The short-format videos, which typically consist of episodes ranging from 90 seconds to two minutes long, initially gained popularity in China after capitalizing on the short-form video trend from other short-video apps in the country. And it now has its sights set on the U.S. entertainment industry.
Silicon Valley is now reckoning with a technique in AI development that could upend the leaderboard. Distillation is the idea that a small team with virtually no resources can make an advanced AI model by extracting knowledge from a larger one. While the Chinese AI startup DeepSeek didn’t invent the method, its use of the technique roiled the stock market and woke the AI world up to its disruptive potential. Distillation is now enabling less-capitalized startups and research labs to compete at the cutting edge faster than ever before. DeepSeek’s breakthroughs also ushered in the rise of a new open-source order, based on a belief that transparency and accessibility drive innovation faster than closed-door research. That combination — distillation’s newfound traction and open-source’s rise in popularity — is deadly for the competitive edges that the biggest AI players had. This video also includes Bosa’s full interview with Glean CEO Arvind Jain.
From coffee to AI to bite-sized dramas, Chinese companies are making bold moves in U.S. markets. This CNBC marathon digs into how Luckin Coffee is challenging Starbucks, micro dramas aim to captivate American viewers, AI startup DeepSeek uses “distillation” to disrupt Silicon Valley’s biggest players and where their respective industries go from here.
Chapters:
00:00 — Cold Open
01:08 — How Chinese Luckin Is Taking On Starbucks In the U.S. (Published September 2025)
11:47 — Why China’s 2-Minute Micro Dramas Are Poised To Take Over The U.S. (Published July 2025)
21:17 — What Is AI Distillation — And How DeepSeek Used It To Blindside OpenAI (Published February 2025)
Produced by: Ryan Baker, Jeff Huang, Jasmine Wu, Drew Troast, Laura Batchelor
Anchor: Deirdre Bosa
Edited by: Andrea Miller, Lisa Setyon
Animation: Mallory Brangan, Emily Park, Jason Reginato, Christina Locopo
Managing Producer: Anuz Thapa
Senior Managing Producer: Tala Hadavi
Senior Director of Video: Lindsey Jacobson, Jeniece Pettitt
Editorial Support: Erin Black
Additional Footage: Getty Images, ReelShort, Quibi
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How Chinese Companies Are Taking Over The U.S.
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President Trump is set to travel to France for the upcoming G7 summit, which will take place from June 15-17. Markets will be watching for signs of stability as the summit takes place against the backdrop of the Iran war, the Russia-Ukraine war and tensions between the U.S. and Europe over tariffs. CNBC’s Megan Cassella breaks down what to expect from the summit.
Reporter: Megan Cassella
Produced by: Macklin Fishman, Ashlee Trujillo
Edited by: Andrea Miller
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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What To Expect From Trump’s Trip To The G7 Summit In France
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Retail brokerages are lining up to offer SpaceX shares to retail investors who are salivating to buy day one of trade. However, any investor who is thinking of flipping the stock and making a quick buck may want to think twice. Fidelity and Charles Schwab have implemented anti-flipping policies ahead of the historic IPO. CNBC’s Seema Mody analyzed other high-profile IPOs, and explains what is unique about SpaceX, to find out what to expect.
Reporter: Seema Mody
Produced by: Drew Troast
Edited by: Erin Black
Senior Director of Video: Jeniece Pettitt
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SpaceX IPO: Here’s What Retail Investors Need To Know
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Despite a massive slowdown in EV adoption, Ford Motor is continuing to move forward with its next generation of EVs. Ford’s continued confidence, albeit at lower and slower rate than it previously projected, comes from its “Universal Electric Vehicle,” or UEV platform, which the company has developed from a clean-sheet design. Ford’s goal for UEV is to be profitable and cost-competitive with global EV leaders from China and Tesla. The UEV is expected to be critical to Ford transforming its Model e EV unit from billions of dollars in annual losses to breakeven by 2029. The company has said its future EVs will be profitable within a year of launching. The first planned product based on the UEV is a roughly $30,000 midsize pickup truck for the U.S. market next year, followed by a family of vehicles underpinned by the platform.
Produced by: Juhohn Lee
Reporting by: Michael Wayland
Camera by: Andrew Evers
Edited by: Natalie Rice
Senior Director of Video: Lindsey Jacobson
Additional Footage: Ford
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Ford’s $5 Billion Bet On Winning The EV War
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America’s wealth gap has been widening for decades, but the COVID-19 pandemic intensified the unequal disparity between the rich and the rest of the country, something classified as a “K-shaped” recovery. Today, the wealthiest consumers are spending at record-highs, while the rest of the country struggles to afford basic necessities like housing and groceries. CNBC’s Alex Harring breaks down the concept.
Produced, Shot and Edited by: Natalie Rice
Reporting by: Alex Harring
Additional Editor: Darren Geeter
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images
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Why America’s ‘K-Shaped’ Economy Is Here To Stay
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Nintendo is being sued by Gamevice, which claims the controllers for the Nintendo Switch console infringes on a patent.
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