Chinese upstart Luckin Coffee raised $200 million Series B as it targets even faster delivery time for its brew.
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Posted inUp and Comers
Coffee startup Luckin to extend discount drive despite losses
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Posted inOn the Cusp
Briefing: Meituan to pair with Starbucks rival Luckin Coffee on delivery services
Luckin doubled its valuation to US$2 billion after a recent funding round.
Posted inUp and Comers
Briefing: Luckin Coffee seeks funds at up to $2 billion valuation
Hot Chinese coffee company’s new fundraising comes just months after last round.
Posted inOn the Cusp
Luckin Coffee warns of fraudsters using its brand name to dupe investors and franchisees
The company said it operates 100% under the direct sales model and has not accepted franchising of any form.
Posted inTurf Wars
How Luckin Coffee is reforming China’s coffee culture
A former tech executive who drinks three to five cups of coffee each day — perhaps at least two of them from Starbucks — Jenny Zhiya Qian must have asked herself: Why do people want coffees? People from Italy — where drinking coffee is considered a national lifestyle — might have a different answer from […]
Posted inTurf Wars
China’s coffee war moves up a notch as Luckin and Tencent ink strategic agreement
With tech giants moving aggressively into new retail, the coffee market is reaching its boiling point.
Posted inTurf Wars
After rumors of Starbucks coffee delivery, Luckin Coffee launches food delivery
China’s “new retail” startup Luckin Coffee announced today to accelerate and expand its business in light meals and snacks. The news comes just days after rumors that Luckin’s biggest competitor Starbucks is planning to deliver coffee with the help of Alibaba-owned food delivery platform Ele.me. During its press event on August 1st, Luckin introduced a price […]
Posted inTurf Wars
Luckin says Alibaba deal doesn’t make Starbucks new retail
Guo Jinyi, co-founder and senior vice president at Luckin, responded to the Alibaba-Starbucks deal by saying that traditional retail, even with the increased takeaway and mobile payments, is not necessarily new retail since the fundamental business model had not changed.
Posted inTurf Wars
McDonald’s starts delivering McCafé in Shanghai
Global fast food giant McDonald’s has launched an online delivery service for McCafé, its coffee-house-style food and beverage chain.
