Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
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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 inViews
China’s thirst for coffee underlies the rapid rise of Luckin Coffee
If China’s coffee market continues to expand, there may be room for two, possibly even more, big coffee purveyors.
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.
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 inOn the Cusp
Luckin sets up QQ-themed store with Tencent to tap nostalgic Chinese millennials
Luckin Coffee and Tencent have been partners since Sept. 2018.
Posted inWith Chinese Characteristics
China Tech Talk 69: Restrictions and restructurings—2018 in review, part 2
A look at the stories and trends of 2018, including gaming restrictions, Tencent’s restructuring, the delivery and coffee wars, WeChat mini programs, and Bullet Messenger.
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 inHeavy Hitters
Starbucks, Freshippo ‘Star Kitchen’ tie-up opens in Beijing as delivery catches on
Freshippo’s logistical capabilities complement Starbucks’ core business to attract consumers who are increasingly turning to delivery.
