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Luckin Coffee mulls expansion
Luckin Coffee's rapid expansion in China-opening 525 coffee chain stores in four months-has wooed more than 1.3 million customers and created an internet frenzy by challenging coffee giant Starbucks.
May15,2018
Luckin Coffee rolls out unstaffed retail strategy
Luckin Coffee, one of China's largest coffee chains, announced its entering into the unmanned retail market Wednesday in a bid to further densify its network and step closer to its customers.
January09,2020
Luckin Coffee reports loss in Q3
Chinese coffee chain startup Luckin Coffee reported on Wednesday a net loss of 531.9 million yuan (about 75.96 million U.S. dollars) in the third quarter of this year despite an increase in revenue.
November14,2019
Luckin Coffee eyes expansion in China: newspaper
One of Starbucks leading challengers in China -- Luckin Coffee -- vowed on Wednesday to open 10,000 stores in the country by 2021 and expand its non-coffee sector, China Daily reported Thursday.
May30,2019
Luckin Coffee raises 200 mln USD in B round financing
Chinese start-up Luckin Coffee has completed its Series B round of financing worth 200 million U.S. dollars, the company said Wednesday.
December13,2018
Luckin Coffee reaches debt restructuring agreement with major debtees, report
Luckin Coffee publicized on its website late Tuesday that the company had reached agreements with major debtees to restructure its debt and enhance capital structure, reported the 21st Century Business Herald Wednesday.
March17,2021
China's Luckin Coffee opens new outlet in Singapore's Changi Airport
Chinese coffee chain retailer Luckin Coffee opened a new outlet in Singapore's Changi Airport on July 22, reported Chinanews.com.
July24,2023
China's Luckin Coffee signs deal to buy over 3,000-t Ethiopian coffee beans
Chinese coffee chain Luckin Coffee has recently signed an agreement to purchase more than 3,000 metric tons (tonnes) of high-quality Ethiopian coffee beans in the first quarter of 2022, according to Xinhua Finance, a financial information provider in China, on late Tuesday.
December23,2021
Luckin and Illy, which strategy to win the coffee challenge in China
The Chinese and Italian companies are at the two extremes of a market that is growing rapidly in China. Luckin opened 600 stores this year only for takeaway distribution. Illy inaugurated its first coffee shop in a museum in Shanghai: the right move to enhance the Italy brand.
July31,2019
China to punish Luckin Coffee for financial fraud, false publicity
China's finance, market regulation, and securities authorities will issue administrative penalties to the operating entities of Luckin Coffee Inc., two of its affiliates, and third parties assisting its illegal acts.
August03,2020
Spotlight: China's Luckin Coffee surges in Nasdaq debut
Shares of Chinese coffee startup Luckin Coffee surged about 20 percent in its U.S. stock market debut on Friday.
May20,2019
Coffee startup Luckin expands to more Chinese cities
Chinese start-up Luckin Coffee said Wednesday that it had opened new stores in 14 more Chinese cities, as it sets to compete with coffee giant Starbucks in the Chinese market.
April10,2019
Coffee chain Luckin makes foray into tea drinks market
Chinese coffee startup Luckin Coffee on Monday announced its entry into the tea drinks market as the company seeks to win over more young consumers and expand market presence.
July09,2019
Spotlight: China's Luckin Coffee surges in Nasdaq debut
Shares of Chinese coffee startup Luckin Coffee surged about 20 percent in its U.S. stock market debut on Friday.
May20,2019
Coffee startup Luckin aims to beat Starbucks in China in 2019
Chinese start-up Luckin Coffee aims to overtake Starbucks to become the country's most popular coffee chain brand by the end of this year.
January04,2019
Chinese coffee start-up Luckin to enter Greater Middle East, India markets
Chinese coffee chain brand Luckin Coffee has set its sight on global expansion by planning businesses in the Greater Middle East and India markets via a partnership.
July23,2019
China's Luckin Coffee files for U.S. IPO to raise 100 million dollars
Chinese coffee chain retailer Luckin Coffee filed on Monday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), with plans to raise 100 million U.S. dollars.
April23,2019
Coffee chain Luckin makes tea drinks independent brand in expansion push
Chinese coffee startup Luckin Coffee will make its tea drinks business an independent brand in a bid to speed up market expansion, the company announced Tuesday.
September04,2019
Spotlight: High investor investment at back of Luckin Coffee’s Nasdaq debut
Chinese coffee retailer Luckin Coffee has ascribed its upbeat debut in the U.S. equity market to high investor sentiment based on the startup's tech-driven new retail mode and speedy expansion in less than two years.
May21,2019
Coffee startup Luckin raises 150 mln USD in B+ financing round
Chinese start-up Luckin Coffee has completed its Series B+ round of financing worth 150 million U.S. dollars, the company said Thursday.
April19,2019
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