The coffee upstart is expanding aggressively across product categories and markets.
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Posted inTurf Wars
Luckin Coffee eyes markets in Middle East and India with Americana partnership
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
Posted inOn the Cusp
Starbucks rival Luckin Coffee files for US IPO
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
Posted inHeavy Hitters
Briefing: Luckin Coffee to expand to additional 18 tier-2 cities by April
Coffee competition expands to second-and third-tier cities in China.
Posted inUp and Comers
Briefing: Luckin rival Coffee Box closes up to 40% of stores
Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
Posted inTurf Wars
Briefing: Luckin Coffee rumored to seek Hong Kong IPO
The company is currently worth $2.2 billion following a $200 million round of funding in December.
Posted inUp and Comers
Coffee startup Luckin to extend discount drive despite losses
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Posted inUp and Comers
Coffee Box, another Starbucks challenger, raises RMB 200 million
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.
Posted inTurf Wars
After rumors of Starbucks coffee delivery, Luckin Coffee launches food delivery
China’s “new retail” startup Luckin Coffee announced today to accelerate and expand its business in light meals and snacks. The news comes just days after rumors that Luckin’s biggest competitor Starbucks is planning to deliver coffee with the help of Alibaba-owned food delivery platform Ele.me. During its press event on August 1st, Luckin introduced a price […]
Posted inTurf Wars
China’s coffee war moves up a notch as Luckin and Tencent ink strategic agreement
With tech giants moving aggressively into new retail, the coffee market is reaching its boiling point.
