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Luckin coffee fraud falsified starbucks
Posted inHeavy Hitters

Luckin shares dip further despite refuting fraud claims

by Emma Lee Feb 4, 2020Mar 17, 2020

Luckin responded Monday to fraud allegations from an anonymous report publicized by short seller Muddy Waters on Friday.

Naixue's Tea
Posted inUp and Comers

Luckin tea rival brewing $400 million US IPO: report

by Emma Lee Feb 27, 2020Mar 17, 2020

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 starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat

by Emma Lee Nov 14, 2019Mar 17, 2020

The results reflect an improved cost control strategy.

Luckni Coffee China offline-to-online e-commerce Starbucks tech app
Posted inHeavy Hitters

Luckin Coffee testing self-service coffee machines

by Emma Lee Jun 14, 2019Mar 17, 2020

Users can locate the nearest coffee machine and place an order through the Luckin app.

Customers of Luckin Coffee wait in line to place their order at the counter in Pudong, Shanghai on April 4, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inHeavy Hitters

Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures

by Jill Shen May 8, 2019Jun 8, 2020

The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.

Luckin Coffee fraud starbucks
Posted inUp and Comers

Coffee upstart Luckin raises $150 million in Series B+, valuation now $2.9 billion

by Emma Lee Apr 18, 2019Jun 8, 2020

The funding is raised at a valuation of $2.9 billion, up from $2.2 billion in December.

Posted inUp and Comers

Coffee Box, another Starbucks challenger, raises RMB 200 million

by Jill Shen Apr 25, 2019Jun 8, 2020

Coffee Box began by offering delivery services from coffee chain brands including Starbucks.

Luckin Coffee
Posted inUp and Comers

‘New retail’ coffee startup Luckin completes $200 million A round

by Masha Borak Jul 11, 2018Jun 7, 2020

China’s fast-growing “new retail” startup and purveyor of coffee Luckin has announced it has completed its A round of financing worth $200 million valuing it at $1 billion. The round was financed by Dazheng Capital, Joy Capital, the Government of Singapore Investment Corporation (GIC) and Legend Capital, Sohu reports. The rise of Luckin shows that […]

Posted inUp and Comers

Suning testing coffee, tea offerings in Xiaodian convenience stores

by Emma Lee Oct 11, 2019Mar 17, 2020

Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.

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  • Tencent plans to sell $24 billion stake in Meituan: report Aug 17, 2022
  • SAIC, Alibaba-backed ride-hailer Xiangdao Chuxing secures $150 million in Series B Aug 16, 2022
  • Blizzard and NetEase’s Diablo Immortal hits $100 million in overseas revenue Aug 16, 2022
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