Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Hot Chinese coffee company’s new fundraising comes just months after last round.
China’s fast-growing “new retail” startup and purveyor of coffee Luckin has announced it has completed its A round of financing worth $200 million valuing it at $1 billion. The round was financed by Dazheng Capital, Joy Capital, the Government of Singapore Investment Corporation (GIC) and Legend Capital, Sohu reports. The rise of Luckin shows that […]