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China's market watchdog issues fine following Luckin Coffee's bid to cheat competition
China's top market watchdog has issued a fine of 61 million yuan (about 9 million U.S. dollars) to Luckin Coffee and 43 third-party firms after an investigation confirmed they had violated the country's anti-unfair competition law.
September22,2020
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
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
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
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