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Posted inHeavy Hitters

Luckin Coffee to spin off tea brand

by Nicole Jao Sep 3, 2019Mar 17, 2020

Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat

by Emma Lee Nov 14, 2019Mar 17, 2020

The results reflect an improved cost control strategy.

Posted inTurf Wars

Luckin launching juice business in China with European partner, LDC

by Emma Lee Sep 26, 2019Sep 26, 2019

The coffee upstart is expanding aggressively across product categories and markets.

Luckni Coffee China offline-to-online e-commerce Starbucks tech app
Posted inHeavy Hitters

Luckin Coffee testing self-service coffee machines

by Emma Lee Jun 14, 2019Mar 17, 2020

Users can locate the nearest coffee machine and place an order through the Luckin app.

Luckin Coffee fraud starbucks
Posted inTurf Wars

Luckin Coffee eyes markets in Middle East and India with Americana partnership

by Emma Lee Jul 23, 2019Jul 23, 2019

Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Starbucks rival Luckin Coffee files for US IPO

by Emma Lee Apr 23, 2019Jun 8, 2020

The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.

Customers of Luckin Coffee wait in line to place their order at the counter in Pudong, Shanghai on April 4, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inHeavy Hitters

Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures

by Jill Shen May 8, 2019Jun 8, 2020

The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Briefing: Starbucks China challenger Luckin aiming for $586.5 million IPO

by Emma Lee May 7, 2019Jun 8, 2020

The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.

Luckin Coffee fraud starbucks
Posted inThe Numbers

Luckin’s net losses doubled in Q2 as cash-burning continues

by Emma Lee Aug 15, 2019Mar 17, 2020

Shares slid overnight after losses hit nearly $100 million in the quarter.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Luckin offers $6.7 million in assets as lease collateral, signaling money woes

by Emma Lee Apr 3, 2019Jun 8, 2020

Luckin is under financial pressures as the startup coffee chain is showing signs of overheating.

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