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Starbucks China Challenger Taps Wall Street to Keep Growing

2019年04月23日 19:36 来源于 财新网
Luckin Coffee files for New York IPO to raise up to $100 million amid breakneck expansion
A barista finishes pouring a cup of brew on Jan. 4 at a Luckin Coffee outlet in Guangzhou, South China’s Guangdong province. Photo: IC

* Coffeehouse chain has opened 2,370 stores in roughly two years, with sales driven by frequent promotions for discounted coffee

* But such breakneck growth has come at a cost. The company posted a net loss of $85 million in this year’s first quarter

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