Naixue’s Tea, one of China’s largest tea beverage chains, is reportedly looking to raise $400 million in a US IPO as early as this year.
Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.
A web of CAR Inc and UCAR personnel, resources and investors are behind Luckin’s expansion.
Hot Chinese coffee company’s new fundraising comes just months after last round.
Covid-19 hit the VC market while it was down. But there’s one bright spot for startups—new rules on mainland exchanges are powering a wave of domestic IPOs.
The company says it is the world’s first to commercialize a cloud-based robotics system.