The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
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Starbucks or Luckin? Consumers voice support for locally brewed coffee king
Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.
China Tech Investor 23: Is Luckin Coffee a real business?
Michael Norris discusses Luckin Coffee’s IPO and how much of the business actually makes sense.
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.
Luckin’s net losses doubled in Q2 as cash-burning continues
Shares slid overnight after losses hit nearly $100 million in the quarter.
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.
Briefing: Starbucks China rival Luckin upsizes US IPO to raise $561 million
Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.
Luckin sets up QQ-themed store with Tencent to tap nostalgic Chinese millennials
Luckin Coffee and Tencent have been partners since Sept. 2018.
Briefing: Starbucks is well-positioned for long-term growth in China – CEO
Starbucks has always had lots of competitors and China is no exception.
Chinese drone maker Ehang files for US IPO: report
The company plans to raise $200 million in its IPO on Nasdaq.