Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Chinese Coffee Brand Luckin Wants To Challenge Starbucks With Ipo
LPNEWS

Chinese Coffee Brand Luckin Wants To Challenge Starbucks With Ipo

by fortune.com posted 3months ago 15 views
But does it need more time to brew? : China’s upstart coffee brand, Luckin, has an audacious plan: convince China to switch from tea to coffee, overtaking Starbucks while they’re at it. It’s an expensive proposition, so they’re relying on an IPO — and a Silicon Valley mindset. “Technology is the core of our business,” Luckin Coffee, the young unicorn that emerged last year as a challenger to Starbucks in China, says in the prospectus it filed with the SEC this week, reportedly seeking to raise $800 million for a $5 billion valuation.

In this article