Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Search results
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 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 inUp and Comers
‘New retail’ coffee startup Luckin completes $200 million A round
China’s fast-growing “new retail” startup and purveyor of coffee Luckin has announced it has completed its A round of financing worth $200 million valuing it at $1 billion. The round was financed by Dazheng Capital, Joy Capital, the Government of Singapore Investment Corporation (GIC) and Legend Capital, Sohu reports. The rise of Luckin shows that […]
Posted inUp and Comers
With rumored Series A, Luckin Coffee may become China’s first coffee unicorn
China’s new popular coffee brand Luckin Coffee may just become another unicorn on the country’s tech scene in half a year. The Beijing-based coffee retail store is reported to have raised $200 to 300 million in Series A funding, valued at more than $1 billion, according to 36Kr (in Chinese). The company didn’t respond to […]
Posted inUp and Comers
Luckin Coffee exits soft launch, trying to poach top Starbucks staff
Luckin Coffee (瑞幸咖啡), a new coffee brand the “new retail professional coffeeshop operator”, has announced that it now opened in 13 cities, 400 stores, served 1.3 million customers with 5 million cups of coffee after 4 months of soft launch, TMT Post is reporting. The CEO of Luckin Coffee, Qian Zhiya (钱治亚), is the former COO […]
