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The company will likely become Singapore’s second unicorn.
Kopi Kenangan plans to bring its Indonesian coffee to a new Southeast Asian market next year.
Working together with Grab, Kudo is also looking to help startups in Southeast Asia with scaling their businesses in Indonesia.
It’s also on track for an for IPO.
It would use RMB 1.8 billion from the first batch of the bonds to repay old debt.
A slew of insights on China’s coffee sector
The company just incorporated ”Luckin Bakery” with USD 29 million
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