Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
The results reflect an improved cost control strategy.
The coffee upstart is expanding aggressively across product categories and markets.
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.
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
Shares slid overnight after losses hit nearly $100 million in the quarter.
Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.