The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
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Posted inViews
Why it’s time to wake up and smell the coffee on Luckin
A web of CAR Inc and UCAR personnel, resources and investors are behind Luckin’s expansion.
Posted inOn the Cusp
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.
Posted inUp and Comers
Coffee upstart Luckin raises $150 million in Series B+, valuation now $2.9 billion
The funding is raised at a valuation of $2.9 billion, up from $2.2 billion in December.
Posted inUp and Comers
Coffee Box, another Starbucks challenger, raises RMB 200 million
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.
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 inOn the Cusp
Meteoric cafe startup Luckin Coffee threatens Starbucks with unfair competition lawsuit
Luckin Coffee, the coffee shop startup using market acquisition tactics borrowed from China’s internet companies, has written an open letter to Starbucks accusing it of monopolistic practices in the country and proposing a possible lawsuit, according to Tencent News (in Chinese). Luckin has taken issue with Starbucks’ exclusivity rights with property owners and putting pressure […]
Posted inViews
What ever happened to Luckin’s Yang Fei?
The celebrity CMO is absent from corporate filings and press conferences of the newly public company whose growth he’s credited with jump-starting.
Posted inOn the Cusp
Briefing: Starbucks is well-positioned for long-term growth in China – CEO
Starbucks has always had lots of competitors and China is no exception.
Posted inUp and Comers
Suning testing coffee, tea offerings in Xiaodian convenience stores
Coffee chains in China like Starbucks and Luckin face growing competition from the likes of the offline retail giant.
