Women in China Tech: Is It a Man’s World?
While China has made great strides in promoting quality in STEM education, why is this not translating into greater equality in the upper echelons of the tech sector.
Tag: #Luckin Coffee
Showing 12 of 38 posts with this tag
Luckin Coffee: China's New Coffee Unicorn?
The new retail coffee chain Luckin Coffee was rumored to have closed its Series A round at $200 to 300 million with a valuation exceeding $1 billion. The invest...
6/14/20182 min read
Hurun: Number of Unicorns Globally Up 24% to 1,312 in H1
The Hurun Research Institute released its Global Unicorn Index 2022 Half-Year Report on August 30, offering a ranking of the world’s startups founded since 2000 and worth at least $1 billion, although not yet listed on a public exchange.
After Financial Fraud, Luckin Reportedly Achieves Positive Cash Flow Per Store in July
Luckin Coffee Inc. reportedly achieved positive cash flow per store in July, except for roughly 300 stores located at universities that have been closed due to the COVID-19 pandemic.
8/11/20202 min read
Starbucks China's Comparable Store Sales Falls by 29% in Fiscal Q1 2023
On February 2, American multinational coffeehouse and roastery chain, Starbucks, reported its financial results for its 13-week fiscal first quarter ended January 1. Its global comparable store sales increased by 5%, but comparable store sales in China decreased by 29%.
2/3/20233 min read
Former Luckin Coffee Chairman Charles Lu Re-enters Coffee Market
Charles Lu, the former chairman of Luckin Coffee, and Jenny Qian, the firm's former CEO, announced on October 22 that the first location of Cotti Coffee has opened in the eastern Chinese city of Fuzhou, adding that the "team of coffee dreamers is starting the journey again."
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: “Sauce Fragrance Latte” Ingredients Are Out of Stock, Will Purchase "Feitian Moutai Liquor"
Luckin Coffee stated that there is currently a shortage of ingredients for the "Sauce Fragrance Latte" and has urgently purchased a new batch of Moutai liquor from Kweichow Moutai.
Luckin Coffee to File Lawsuits Against Starbucks in China for Unfair Competition
Luckin Coffee, a rapid expanding Chinese coffee shop, released an open letter on Tuesday, accusing Starbucks of its monopoly causing unfair competition in the m...
5/18/20183 min read
Luckin Coffee Opens Two Stores in Singapore
On March 31st, Luckin Coffee opened two new stores in Singapore and entered the trial operation phase.
3/31/20232 min read
Luckin Chairman to Face Criminal Charges Amid New Evidence in Fraud Probe
While authorities found Luckin Coffee Inc paid taxes on bogus transactions, its CEO said their business model is correct and willing to participate in any investigations.
6/9/20202 min read
Luckin Coffee Opens A New Store on Average Every 1.9 Hours
Recently, Luckin Coffee released its Q1 2023 financial report. The report shows that Luckin Coffee achieved a total net revenue of RMB 4.437 billion (USD 640 million) in the first quarter of this year, an increase of 84.5% year-on-year.