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