Luckin is being investigated in the US for defrauding investors amid pressing concerns to recoup a dropoff in sales as a result of Covid-19.
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Posted inUp and Comers
Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat
The results reflect an improved cost control strategy.
Posted inTurf Wars
Luckin launching juice business in China with European partner, LDC
The coffee upstart is expanding aggressively across product categories and markets.
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 inTurf Wars
Luckin Coffee eyes markets in Middle East and India with Americana partnership
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
Posted inHeavy Hitters
Chat Room: Michael Norris on Luckin Coffee’s business model
Luckin Coffee is projected to have the largest coffee network in China by the end of 2019 at its current rate of growth.
Posted inOn the Cusp
Starbucks rival Luckin Coffee files for US IPO
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
Posted inOn the Cusp
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.
Posted inViews
Luckin may not last, but its model will
More and more fast-growing startups are headed to IPO while hemorrhaging money.
Posted inHeavy Hitters
Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
