The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
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Posted inOn the Cusp
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.
Posted inOn the Cusp
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.
Posted inOn the Cusp
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.
Posted inOn the Cusp
Briefing: Starbucks is well-positioned for long-term growth in China – CEO
Starbucks has always had lots of competitors and China is no exception.
