The results reflect an improved cost control strategy.
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Posted inHeavy Hitters
Luckin Coffee testing self-service coffee machines
Users can locate the nearest coffee machine and place an order through the Luckin app.
Posted inViews
Why it’s time to wake up and smell the coffee on Luckin
A web of CAR Inc and UCAR personnel, resources and investors are behind Luckin’s expansion.
Posted inHeavy Hitters
Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Posted inViews
Luckin may not last, but its model will
More and more fast-growing startups are headed to IPO while hemorrhaging money.
Posted inUp and Comers
Coffee upstart Luckin raises $150 million in Series B+, valuation now $2.9 billion
The funding is raised at a valuation of $2.9 billion, up from $2.2 billion in December.
Posted inUp and Comers
Coffee Box, another Starbucks challenger, raises RMB 200 million
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.
Posted inUp and Comers
Suning testing coffee, tea offerings in Xiaodian convenience stores
Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.
