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Luckin Coffee fraud starbucks
Posted inOn the Cusp

Starbucks rival Luckin Coffee files for US IPO

by Emma Lee Apr 23, 2019Jun 8, 2020

The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.

Posted inOn the Cusp

Starbucks or Luckin? Consumers voice support for locally brewed coffee king

by Shi Jiayi Mar 27, 2019Feb 17, 2022

Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.

Posted inOn the Cusp

China Tech Investor 23: Is Luckin Coffee a real business?

by John Artman May 5, 2019Jun 8, 2020

Michael Norris discusses Luckin Coffee’s IPO and how much of the business actually makes sense.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Briefing: Starbucks China challenger Luckin aiming for $586.5 million IPO

by Emma Lee May 7, 2019Jun 8, 2020

The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.

Luckin Coffee fraud starbucks
Posted inThe Numbers

Luckin’s net losses doubled in Q2 as cash-burning continues

by Emma Lee Aug 15, 2019Mar 17, 2020

Shares slid overnight after losses hit nearly $100 million in the quarter.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Luckin offers $6.7 million in assets as lease collateral, signaling money woes

by Emma Lee Apr 3, 2019Jun 8, 2020

Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.

Posted inOn the Cusp

Briefing: Starbucks China rival Luckin upsizes US IPO to raise $561 million

by Emma Lee May 17, 2019Jun 8, 2020

Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.

Posted inOn the Cusp

Luckin sets up QQ-themed store with Tencent to tap nostalgic Chinese millennials

by Emma Lee Mar 25, 2019Mar 26, 2019

Luckin Coffee and Tencent have been partners since Sept. 2018.

Posted inOn the Cusp

Briefing: Starbucks is well-positioned for long-term growth in China – CEO

by Emma Lee Apr 28, 2019Jun 8, 2020

Starbucks has always had lots of competitors and China is no exception.

Posted inOn the Cusp

Chinese drone maker Ehang files for US IPO: report

by Wei Sheng Sep 27, 2019Mar 17, 2020

The company plans to raise $200 million in its IPO on Nasdaq.

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