The results reflect an improved cost control strategy.
Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
The coffee upstart is expanding aggressively across product categories and markets.
Shares slid overnight after losses hit nearly $100 million in the quarter.
Users can locate the nearest coffee machine and place an order through the Luckin app.
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
This is the first time Luckin has sold branded merchandise as it evolves its marketing and branding strategy.
Luckin Coffee and Tencent have been partners since Sept. 2018.
Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.