The company is currently worth $2.2 billion following a $200 million round of funding in December.
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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.
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.
Coffee startup Luckin to extend discount drive despite losses
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
Briefing: Meituan to pair with Starbucks rival Luckin Coffee on delivery services
Luckin doubled its valuation to US$2 billion after a recent funding round.
Briefing: Luckin Coffee raises $200 million at $2.2 billion valuation
Chinese upstart Luckin Coffee raised $200 million Series B as it targets even faster delivery time for its brew.
Briefing: Luckin Coffee seeks funds at up to $2 billion valuation
Hot Chinese coffee company’s new fundraising comes just months after last round.
Luckin Coffee warns of fraudsters using its brand name to dupe investors and franchisees
The company said it operates 100% under the direct sales model and has not accepted franchising of any form.
China’s coffee war moves up a notch as Luckin and Tencent ink strategic agreement
With tech giants moving aggressively into new retail, the coffee market is reaching its boiling point.
China Tech Talk 56: China coffee wars revisited: Luckin vs Starbaba
John and Matt discuss the significance of the Starbucks, Alibaba deal.