Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
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Posted inUp and Comers
Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat
The results reflect an improved cost control strategy.
Posted inTurf Wars
Luckin launching juice business in China with European partner, LDC
The coffee upstart is expanding aggressively across product categories and markets.
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 inTurf Wars
Luckin Coffee eyes markets in Middle East and India with Americana partnership
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
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 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 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 inThe Numbers
Luckin’s net losses doubled in Q2 as cash-burning continues
Shares slid overnight after losses hit nearly $100 million in the quarter.
Posted inOn the Cusp
Luckin offers $6.7 million in assets as lease collateral, signaling money woes
Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.
