Chinese beverage chain Luckin Coffee replaced founder and former chairman Charles Lu with its acting CEO, Guo Jinyi.
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INSIGHTS | Luckin—out of luck
The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?
Luckin apologizes to staff after month-long fraud tumult
Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.
Luckin fraud admission leaves more questions than answers
‘If there’s anything to be learned about Luckin Coffee, it’s that there’s always more than meets the eye.’ Luckin skeptic Michael Norris has more questions.
Starbucks or Luckin? Consumers voice support for locally brewed coffee king
Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.
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.
Briefing: Starbucks China challenger Luckin aiming for $586.5 million IPO
The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
Briefing: Starbucks China rival Luckin upsizes US IPO to raise $561 million
Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.
Tea is the new coffee: Bubble tea chain gets $2.3 billion valuation
Heytea started out in southern China’s Guangdong province in 2012 and later expanded to most tier-one and tier-two cities in China.
Meteoric cafe startup Luckin Coffee threatens Starbucks with unfair competition lawsuit
Luckin Coffee, the coffee shop startup using market acquisition tactics borrowed from China’s internet companies, has written an open letter to Starbucks accusing it of monopolistic practices in the country and proposing a possible lawsuit, according to Tencent News (in Chinese). Luckin has taken issue with Starbucks’ exclusivity rights with property owners and putting pressure […]