Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
China shows pledge to globalization and free trade by embracing reform and opening-up
Forum addresses further reform and opening-up
Sunday
- Subscribe
Luckin in US$150m fundraising
Print Edition
Chinese startup Luckin Coffee has completed its Series B+ round of financing worth US$150 million, the company said yesterday.
The funding, of which US$125 million was invested by BlackRock and which came four months after the coffee chain picked up US$200 million in investment, lifts the company’s valuation to about US$2.9 billion, the company said in a statement.
As an emerging market player that rivals Starbucks, Luckin Coffee started trial operation in January last year.
It sells coffee at brick-and-mortar stores while also delivering products through online orders.
The Xiamen-based coffee chain startup has been expanding at a fast clip since its official operation in May 2018, with over 2,000 outlets opened in 36 Chinese cities by April 10.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
