Coffee Chain Archives - Page 2 of 3

Luckin Coffee Denies Plan for Hong Kong IPO

News emerged on Monday that Chinese beverage chain Luckin Coffee is considering carrying out a public listing in Hong Kong as its business gets back on track. However, the company issued a statement denying such reports.

Luckin Coffee Greatly Reduces Operating Losses in Fiscal Year 2021

Chinese coffee chain Luckin Coffee released its audited financial statements for the 2021 fiscal year on Thursday. The report shows that the revenue of Luckin Coffee throughout the year was $1.25 billion, a year-on-year increase of 97.5%.

Luckin Coffee Completes Debt Restructuring, Emerges From Bankruptcy

Chinese beverage chain Luckin Coffee on Monday announced that the company has successfully completed the restructuring of financial debt and has emerged from bankruptcy proceedings under United States code.

China VC Weekly: SHEIN Goes Big, AR Gets Real

In last week’s VC news, fast fashion e-commerce giant SHEIN set its eyes on a massive $100 billion valuation, several local AR/VR firms raised considerable investment rounds, PAG took a major stake in %Arabica, and more.

PAG Invests in Boutique Coffee Brand %Arabica

PAG has completed investment in Chinese gourmet coffee brand %Arabica, becoming a major shareholder of the firm.

Luckin Coffee Reports $1.25B Revenue in 2021

Luckin Coffee on Thursday announced its unaudited financial results for the three months ended December 31, 2021 and entire fiscal year.

Manner Coffee Launches Delivery Services in China

Coffee chain Manner Coffee announced last Sunday that it will launch delivery services in Beijing, Shanghai, Shenzhen and other cities by cooperating with food delivery giant Meituan.

Luckin Coffee Announces Successful Conclusion of Provisional Liquidation

Chinese beverage chain Luckin Coffee on Monday announced that, pursuant to an order by the Grand Court of the Cayman Islands dated February 25, 2022, the firm's winding up petition has been dismissed.

Coffee Brand Seesaw Coffee Completes A++ Round Financing

Seesaw Coffee has completed an A++ round financing worth several hundred million yuan. This round of financing was led by BA Capital and followed by Costone Capital.

Starbucks China Increases Prices for Certain Products

Many Chinese web users took to social media on Wednesday to comment that Starbucks has raised the price of various products by 1-2 yuan ($0.16-0.32), including americanos, lattes and a range of food items.

Luckin Coffee Opens Nearly 360 Stores in January

According to an internal letter issued to employees by Chairman and CEO of Luckin Coffee, Guo Jinyi, Luckin had opened about 360 new stores in the month of January, setting a new record for the company.

Centurium Capital Gains Control of Chinese Beverage Firm Luckin Coffee

A consortium led by Centurium Capital, a Beijing-based investment company, now owns more than 50% of domestic beverage chain Luckin Coffee, which was previously plagued by a series of scandals.

Luckin Coffee Denies Nasdaq Relisting Plan

Reports have emerged that Chinese beverage chain Luckin Coffee is exploring plans to relist its shares in the U.S. following a high profile removal in June 2020. Luckin has since denied the report.

Dangdang Founder Accuses Luckin Coffee of Monopolizing Ethiopian Coffee Beans

Recently, Li Guoqing, founder of Chinese e-commerce platform Dangdang, released a video questioning Luckin Coffee's purchase of nearly half of the available Hambella coffee beans.

Luckin Coffee’s Q3 Revenue Rises to $364.7 Million, Net Loss Decreases by 98.6% Year-on-Year

Luckin Coffee released its unaudited financial report for the third quarter of 2021 on Thursday. The data showed that its total net revenue in the third quarter was 2.35 billion yuan ($364.7 million).

Chinese Coffee Brand Nowwa Coffee Continuously Secures $31.51 Million in B and B+ Rounds of Financing

Nowwa Coffee, a Chinese coffee chain, announced that it has completed two rounds of financing, namely, a B round and a B+ round, with a cumulative amount of 200 million yuan ($31.51 million) raised.

Luckin Coffee Resolves All Claims In Securities Class Action; Files 2020 Financial Report

On Tuesday evening, Luckin Coffee issued three announcements. The first was that the company had entered into a binding agreement to settle its US securities class action lawsuit with the lead plaintiffs.

Luckin Coffee Promotes Restructuring Plan, Several Phased Goals Already Completed

Luckin Coffee Inc. released the third report of the Joint Provisional Liquidators to the Grand Court of the Cayman Islands on Tuesday night.

Luckin Coffee Plans New Financing Round with Potential Investors Including Focustar Capital

Chinese domestic media outlet Cailian Press on Tuesday reported that Luckin Coffee is planning a new round of financing, including participants such as Focustar Capital (FSC).

Stained by Fraud Scandal, Luckin Coffee Is Seeking a Path Out

The fraud scandal hasn’t knocked Luckin out of the ring: today, it remains China's second-largest coffee chain. How did Luckin survive the turmoil?

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