Consumers

Luckin Coffee bags another $150m ahead of US IPO

China's fast-growing coffee chain is clearly on the double espressos. Despite widespread concerns about its cash-burning business model, it has just completed its third funding round in 10 months.

Chinese coffee chain Luckin Coffee bagged $150 million in its latest round of fundraising as the ambitious startup continues to attract investment despite worries about cash flow and the sustainability of its business.

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