Luckin Coffee raises another $200m to fuel expansion

Bagging $400 million within five months, it is increasingly convincing for Luckin Coffee to call itself a challenger to Starbucks in China.

Luckin Coffee raises another $200m to fuel expansion

Luckin Coffee, China’s high-flying coffee chain, has said it wants to challenge Starbucks’ leading position in the industry. Some may call it a boaster, but investors are actually backing the plan.

The young startup said Wednesday it has completed its Series B fundraising, raising $200 million from a group of investors including Joy Capital, Centurium Capital, CICC and GIC Private, Singapore’s sovereign wealth fund.

The investment came as a little surprise...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition