Luckin Coffee is projected to have the largest coffee network in China by the end of 2019 at its current rate of growth.
Chinese consumers have reacted positively to the brand, which positions itself as an alternative to Starbucks.
More and more fast-growing startups are headed to IPO while hemorrhaging money.
A web of CAR Inc and UCAR personnel, resources and investors are behind Luckin’s expansion.
If China’s coffee market continues to expand, there may be room for two, possibly even more, big coffee purveyors.
The celebrity CMO is absent from corporate filings and press conferences of the newly public company whose growth he’s credited with jump-starting.
Coffee unicorn’s US listing is a good time to check your FOMO and dig into the numbers
Growth guru Yang Fei says Luckin can make profits from free coffees
Areas such as cloud, AI, and blockchain, continue to attract investors, despite the funding slowdown.
HeyTea is well-positioned to hold its own in China’s beverage sector amid competition from Starbucks and Luckin.