Luckin Coffee Archives - Inside Retail Asia
Disgraced Chinese coffee giant Luckin has apologised to customers and promised business as usual following a widely publicised admission that the firm had fabricated sales figures.
Chinese chain Luckin Coffee has admitted senior executives exaggerated sales to boost the company’s worth and reputation.
China’s largest coffee chain Luckin Coffee is moving into the vending machines market, in part funding by a US$821 funding round.
Luckin Coffee has now become the largest coffee chain in China, surpassing Starbucks in terms of number of locations.
Chinese coffee chain Luckin wants to expand into India and the Middle East.
Starbucks sales growth has surpassed expectations with a glowing earnings report released yesterday that revealed strong performance in cafes across the US and China.
China’s Luckin Coffee has filed for a US IPO seeking to raise up to US$800 million.
Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round.
Fast-growing Chinese coffee chain Luckin Coffee is seeking a new round of funding which would value it at US$1.5–2 billion.
Tech giant Tencent Holdings has formed an exclusive partnership with local cafe startup Luckin Coffee.
Starbucks China and Alibaba have announced an alliance that stretches way beyond the latter’s online delivery platform Ele.me.
Nine-month-old Luckin Coffee has raised US$200 million to fund expansion, valuing it at $1 billion.