Coffee unicorn: A customer at a Luckin Coffee store in Beijing. By the end of this year, Luckin aims to become the largest coffee network in China in terms of number of stores. — Reuters
New York: Luckin Coffee Inc, the ambitious startup that is challenging Starbucks Corp in the race to dominate China’s growing coffee culture, filed for a US initial public offering (IPO).
The Beijing-based company applied to list American depositary shares on Nasdaq under the ticker LK.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
