The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.
The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.
Starbucks has always had lots of competitors and China is no exception.