Luckin’s impending implosion has led to a lot of soul-searching with many questioning the environment that allowed Luckin to thrive.
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Posted inUp and Comers
Luckin Coffee announces 2 new bids to raise cash
Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.
Posted inHeavy Hitters
Luckin Coffee to spin off tea brand
Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
Posted inHeavy Hitters
Car Inc may soon exit the Charles Lu family
China’s Beijing Automotive Group (BAIC) is seeking to buy a stake of up to 21.26% in Car Inc, a Hong Kong-listed car rental company formed by Luckin Coffee chairman Charles Lu.
Posted inOn the Cusp
Luckin’s Charles Lu survives first round of ouster
Charles Lu may still face a shareholder vote on to remove him as a director during an extraordinary general meeting to be held on Sunday.
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 inWith Chinese Characteristics
Luckin might have its app removed from app stores
China’s regulators have been cracking down on companies like that violate personal privacy and over-collect consumers’ personal data.
Posted inUp and Comers
Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat
The results reflect an improved cost control strategy.
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.
