Luckin in US$150m fundraising
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号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 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.