∗Luckin Coffee Archives - Page 4 of 4

Ep. 65 (Extra Buzz Special): Luckin’s Luck Ran Out

Episode 65 of Tech Buzz China is a special one — a reading of the seventh issue of Extra Buzz, our new biweekly newsletter written by co-host Rui Ma.

Luckin Coffee Issues Official Apology Regarding Alleged Fraud

Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.

Luckin Coffee Plunges 75% As Private Investigation Reveals Falsified Accounts

An internal investigation by Luckin Coffee has revealed that hundreds of millions of dollars of sales in 2019 were “fabricated”, wiping almost 75 percent from the value of the company.

Luckin Coffee Launches Online Discount Store to Sell Electronics and More

Luckin Coffee opened an online store on its app and WeChat mini program, selling a wide range of products at discounted prices.

Luckin Coffee Denies Short Selling Allegations As Share Price Rebounds 15.6%

Shares of Luckin Coffee, Chinese coffee retail chain, rose 15.6% to $36.24 in afternoon trading on Tuesday, closing at $36.63 after hours.

Luckin Coffee’s Revenue Increases Fivefold YoY in Q3, Beats Expert Estimates

Luckin Coffee released their third quarter 2019 earnings report indicating a 540.2% year-on-year revenue growth with 1.5 billion yuan.

Starbucks’ Real Rival in China is not Luckin Coffee, It’s Bubble Tea

It seems like any person at least moderately familiar with China would know that it’s a realm of tea.

What Can Luckin Coffee’s Expansion Teach Us About the Changes in Chinese Consumption Patterns?

Luckin Coffee, the company that is mainly known in the West for giving Starbucks a really hard time in China, is more than just another gastronomic novelty, it’s a phenomenon that reveals a lot about the changing nature of Chinese consumption.

Luckin Coffee Updates $510 Million U.S. IPO

Luckin Coffee, the Starbucks challenger in China, is seeking to raise up to $510 million in the U.S. initial public offering (IPO).

Luckin Coffee Files For U.S. IPO with Total Financing of $100 Million

On April 23, Luckin Coffee, the Chinese Starbucks challenger, filed for official IPO to the U.S. Security Exchange Commission, with the ticker symbol 'LK'.

Luckin Coffee Received $150 Million New Investment

Luckin Coffee announced today that it has received additional $150 million new investments based on the Series B-round financing that was completed in November 2018. The company was valued at $2.9 billion after the investment.

Luckin Registers $6 Million Worth of Assets as Collateral for Funding

Luckin Coffee, the Beijing-based Starbucks challenger, registered RMB 45 million ($6.7 million) worth of movable assets as collateral to Zhongguancun Sci-Tech Leasing, according to the National Enterprise Credit Information Publicity System.

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