Luckin Coffee Achieves Profitability in Cut-throat Market
Luckin Coffee began to be profitable in May this year, meaning it has achieved its annual target ahead of schedule. The firm declined to comment.
8/5/20212 min read
Tag: #Coffee
Showing 12 of 25 posts with this tag
Ousted Luckin Coffee Cofounder Plans to Launch New Coffee Brand
Charles Lu, co-founder of Chinese beverage chain Luckin Coffee, is planning another entrepreneurial project involving the launch of a new coffee brand named "Cotti Coffee."
9/1/20223 min read
Starbucks to Add New Delivery Platforms: In Negotiation with SF Express, Meituan and Sam's Club
The three-year exclusive cooperation between Starbucks and Ele.me will expire on December 31 this year. As a result, Starbucks is seeking new partners in the Chinese mainland market.
12/23/20213 min read
Tim Hortons China and Tencent E-Sports Open Joint Store in Shanghai
Tim Hortons China announced its opening of another joint store with Tencent E-Sports in Shanghai on August 3. This is the second joint store opened by the pair in Shanghai and the third joint store opened in China.
Luckin Coffee with 43 Other Involved Companies Fined $9M After Investigation
The State Administration for Market Regulation announced on Tuesday morning that it has fined two Luckin entities and 43 third-party companies a combined 61 million yuan (around $9 million).
9/23/20203 min read
Lemon Tea Brand Ningji Acquires Changsha-Based Coffee Brand RUU
Lemon tea brand Ningji has recently invested in Changsha-based local coffee brand RUU, and has become its wholly-owned parent company.
5/18/20222 min read
A Tale of Two 'Deadbeats'
Dai Wei, the founder of the now-defunct bike-sharing operator ofo, made a surprising move by venturing into the United States and establishing About Time Coffee.
Luckin Coffee Opens Its 30th Store in Singapore
On December 25th, Luckin Coffee announced on social media that its 30th store in Singapore has opened.
12/27/20231 min read
Luckin Coffee's Q2 Net Revenue Up 72% YoY
Chinese beverage chain Luckin Coffee has announced its financial report for the second quarter of 2022, as well as the appointment of An Jing as its new Chief Financial Officer, effective August 8.
8/9/20225 min read
Chinese Domestic Coffee Brands Lead Online Consumption Trend as Santurnbird Completes B Round Financing
Chinese upscale coffee brand Saturnbird has completed an over 100 million yuan B Round financing this year, led by Sequoia Capital, and followed by its old shareholder Fengrui Capital.
9/2/20202 min read
Manner Coffee to Open Store in Hong Kong
Pictures of a new "Maners Coffee" store located in Hong Kong's World Trade Centre were posted on November 21 on Xiaohongshu, a popular Chinese lifestyle-sharing platform. Apart from a slight change in its name, the logo is consistent with that of mainland chain Manner Coffee.
11/23/20223 min read
Starbucks Partners With Sequoia Capital: Digital Transformation Fuels Growth
Xingran (Shanghai) Investment Partnership (Limited Partnership) was formed by the strategic collaboration between Starbucks China and Sequoia Capital China on Sept. 8, 2020.
9/17/20202 min read