Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
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Posted inHeavy Hitters
Luckin Coffee testing self-service coffee machines
Users can locate the nearest coffee machine and place an order through the Luckin app.
Posted inWith Chinese Characteristics
Alibaba, JD, Tencent, and WOW, LUCKIN COFFEE! with Michael Norris
Michael Norris from Agency China talks earnings. They go over the quarterly reports from Alibaba, JD, and Tencent, as well as Luckin Coffee’s very impressive report, which sent their stock soaring.
Posted inTurf Wars
Luckin joins Starbucks in blurring boundaries between coffee and tea
Delivery giants Meituan and Ele.me stand to benefit from the coffee giants’ latest battle
Posted inOn the Cusp
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.
Posted inThe Numbers
Luckin’s net losses doubled in Q2 as cash-burning continues
Shares slid overnight after losses hit nearly $100 million in the quarter.
Posted inOn the Cusp
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.
Posted inHeavy Hitters
Briefing: Luckin Coffee to expand to additional 18 tier-2 cities by April
Coffee competition expands to second-and third-tier cities in China.
Posted inTurf Wars
Briefing: Luckin Coffee rumored to seek Hong Kong IPO
The company is currently worth $2.2 billion following a $200 million round of funding in December.
Posted inWith Chinese Characteristics
Briefing: Luckin Coffee to add 2,500 shops and more subsidies in 2019
Luckin’s announcement comes amid its escalating battle with Starbuck for China’s caffeinated drink lovers.
