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After two huge financing rounds, Luckin Coffee now aims to become a Hong Kong-listed on-demand coffee joint.
Luckin Coffee responds to its critics at its 2019 strategy press conference, claimed to burn its way into a triumph in competition with Starbucks China.
“The losses are in line with our expectation,” says Luckin Coffee.
Luckin raises fund for a second time within 6 months.
Two homegrown coffee startups are running as fast as they can in this expensive fight, grabbing as big a share of the pie as quickly as possible.
China’s coffee chain battle is heating up again.
Starbucks China’s archrival sets to offer healthy snacks too.
With sales dropping, the coffee chain giant might be facing a real threat from local startup Luckin Coffee.
They are executing fast and effectively. Make no mistake. This is a serious competitor playing to win.
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