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Luckin Coffee fraud starbucks
Posted inOn the Cusp

Starbucks rival Luckin Coffee files for US IPO

by Emma Lee Apr 23, 2019Jun 8, 2020

The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.

Posted inOn the Cusp

Starbucks or Luckin? Consumers voice support for locally brewed coffee king

by Shi Jiayi Mar 27, 2019Feb 17, 2022

Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Briefing: Starbucks China challenger Luckin aiming for $586.5 million IPO

by Emma Lee May 7, 2019Jun 8, 2020

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

by Emma Lee May 17, 2019Jun 8, 2020

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

by Emma Lee Apr 28, 2019Jun 8, 2020

Starbucks has always had lots of competitors and China is no exception.

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  • SMIC generated $1.9 billion in revenue in 2022 Q2 Aug 12, 2022
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  • Xiaomi to test self-driving vehicles in China: CEO Aug 12, 2022
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  • Dingdong Maicai reports adjusted net income for the first time in Q2 earnings Aug 12, 2022

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