The results reflect an improved cost control strategy.
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Posted inThe Numbers
Luckin’s net losses doubled in Q2 as cash-burning continues
Shares slid overnight after losses hit nearly $100 million in the quarter.
Posted inThe Numbers
Briefing: Luckin Coffee raises $200 million at $2.2 billion valuation
Chinese upstart Luckin Coffee raised $200 million Series B as it targets even faster delivery time for its brew.
