Luckin Coffee - updates

Rappler's latest stories on Luckin Coffee

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NASDAQ tells China's Luckin Coffee to delist

May 19, 2020 - 11:25 PM

Luckin Coffee, which is facing a massive fraud scandal, says it plans to appeal the NASDAQ notice

LUCKIN COFFEE. A cup of Luckin Coffee on January 14, 2019. File photo by Fred Dufour/AFP

Starbucks rival Luckin Coffee fires CEO in fraud scandal

May 13, 2020 - 8:00 AM

Luckin Coffee CEO Jenny Zhiya Qian and COO Liu Jian are sacked as the Chinese coffee shop chain looks into fabricated transactions

LUCKIN IPO. A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. File photo by Wang Zhao/AFP

Starbucks competitor Luckin apologizes for fraud scandal in China

Apr 05, 2020 - 7:35 PM

Chinese chain Luckin Coffee is conducting an internal probe into allegations that $310 million worth of sales may have been fabricated in 2019

LUCKIN COFFEE. Picture of a cup of coffee at a Luckin Coffee on January 14, 2019. File photo by Fred Dufour/AFP

China's Luckin raises $561 million as it hopes to topple Starbucks

May 17, 2019 - 2:30 PM

The Chinese company, which will debut on the Nasdaq on Friday, May 17, sets its share price at $17, at the high end of the range it announced in May

LUCKIN COFFEE. Picture of a cup of coffee at a Luckin Coffee on January 14, 2019. File photo by Fred Dufour/AFP

Luckin Coffee, Starbucks' rival in China, files for U.S. IPO

Apr 23, 2019 - 2:52 PM

Luckin estimates its offering size at $100 million in its filing Monday, April 22, with the US Securities and Exchange Commission. It notes the figure is only set to calculate registration fees.

LUCKIN IPO. A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. File photo by Wang Zhao/AFP

Coffee clash brewing in China: Startup Luckin takes on Starbucks

Jan 28, 2019 - 12:14 PM

The Chinese upstart is burning through millions of dollars to lure customers with steep discounts, challenging Starbucks' dominance by targeting office workers and students who prefer to have their java on-the-go or delivered to their doorstep

A real roasting: Coffee startup Luckin set to overtake Starbucks in China

Jan 03, 2019 - 8:45 PM

Just a year in the business, Luckin Coffee will open 2,500 stores this year to dislodge Starbucks and become China's largest coffee chain

A deliveryman carrying bags of coffee walks out a Luckin Coffee in Beijing on August 2, 2018. Starbucks on August 2 announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China's growing food-delivery market as it faces increased competition from local firms. WANG ZHAO / AFP

House Minority leader, Starbucks and Alibaba, Apple hits $1 trillion | Midday wRap

Aug 03, 2018 - 2:02 PM

Watch Rappler’s midday newscast with Ralf Rivas

Starbucks and Alibaba join forces as China coffee war brews

Aug 02, 2018 - 5:59 PM

Starbucks products ordered by mobile apps will be brought to customers by Ele.me, Alibaba's food-delivery unit

THE STARBUCKS-ALIBABA TEAM-UP. A customer walks out of a Starbucks coffee shop in Beijing on August 2, 2018.   Photo by Wang Zhao/AFP