The coffee upstart is expanding aggressively across product categories and markets.
Delivery giants Meituan and Ele.me stand to benefit from the coffee giants’ latest battle
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
The company is currently worth $2.2 billion following a $200 million round of funding in December.
Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
Coffee competition expands to second-and third-tier cities in China.
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.
Michael Norris, research and strategy manager at AgencyChina, joins the podcast to look how Alibaba is dominating new retail in 2019.
HeyTea is well-positioned to hold its own in China’s beverage sector amid competition from Starbucks and Luckin.