| Date | Title | Description |
| 06.09.2024 | LUCKIN COFFEE LAUNCHES NEW OAT MILK SERIES: YOUR NEW GO-TO OAT MILK LATTE AT AN UNBEATABLE PRICE | The oat milk alternative option will also be available for selected drinks on the menu from 20 September 2024 onwards
SINGAPORE, Sept. 6, 2024 /PRNewswire/ -- Luckin Coffee is thrilled to announce the launch of its much-anticipated Oat Milk... |
| 29.08.2024 | Flash Coffee taps ex-Foodpanda CEO in turnaround bid | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Peter Cowan · 30 Aug 2024 · 5 min readFlash Coffee taps ex-Foodpanda CEO in turnaro... |
| 28.08.2024 | The Rise of "Black Myth: Wukong" and Its Cultural Impact | In the world of video games, few titles have sparked as much excitement as "Black Myth: Wukong." Released on August 20, 2024, this game has quickly become a phenomenon, captivating players across the globe. Based on the classic Ch... |
| 23.08.2024 | CNA Explains: How a video game with a mythological monkey god has taken China and the world by storm | SINGAPORE: It took six years but the highly anticipated Black Myth: Wukong has set the video game industry alight.
Inspired by Journey to the West - one of the four great classical novels in Chinese literature - the game was launched on Tue... |
| 20.08.2024 | Brewing Competition: Luckin Coffee's Bold Moves in the Tea and Gaming Markets | In the bustling world of beverage retail, Luckin Coffee is making waves. The brand is not just about coffee anymore; it’s diving headfirst into the tea market and even the gaming industry. With its recent launches, Luckin is stirring the po... |
| 20.08.2024 | China’s first AAA video game Black Myth: Wukong has both fans and brands excited | Listen to this article
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| 20.08.2024 | Luckin Coffee eyes Southeast Asian and American markets in upcoming expansion: report | Luckin Coffee is planning an expansion plan in the fourth quarter with eyes mainly on Southeast Asian and American markets, media outlet LatePost reported on Monday, more than a year after the Chinese coffee chain opened its first internati... |
| 19.08.2024 | Fans of Black Myth: Wukong surprise Luckin Coffee amid rush buying | Luckin Coffee on Monday introduced a dedicated Americano for the upcoming release of the game Black Myth: Wukong, offering the originally priced RMB 29 (around $4) beverage at a generous discount for RMB 9.88 for first-day buyers. Created b... |
| 14.08.2024 | Is Luckin Coffee’s new tea beverage just a Chagee dupe? | On August 6, Luckin Coffee unveiled its latest offering for Qixi Festival: the “Qingqing Moli” milk tea, positioning it as a major annual release. This beverage, a collaboration with the celebrity brand Zanmang Loopy, comes with an oversize... |
| 07.08.2024 | Shanghai summons six coffee brands over collection of customer data, regulator says | Previous
FILE PHOTO: People walk outside a Costa coffee shop in London, Britain, March 4, 2023. REUTERS/Henry Nicholls/File Photo
FILE PHOTO: A view of a Luckin Coffee shop in Jewel Changi Airport in Singapore April 4, 2024. REUTERS/Edgar S... |
| 01.08.2024 | Starbucks' First-Half Earnings Drop as China’s Coffee Price War Takes Toll | (Yicai) Aug. 1 -- Starbucks has posted drops in net profit and revenue for two straight quarters as the US coffee titan is impacted by intense competition and the prolonged price war in China’s coffee market.
Starbucks’ worldwide net profit... |
| 01.08.2024 | Starbucks and Luckin went through same-store sales decline in Q2 | Coffee chain Starbucks China and Luckin both experienced a double-digit decline in same-store sales in the June quarter of 14% and 20.9% respectively, sending a signal that consumption headwinds and intensified competition are still dampeni... |
| 31.07.2024 | Starbucks efficiency gains bolster profit as China, US drag sales | Sustainable Finance & ReportingShareholder Activism
Starbucks efficiency gains bolster profit as China, US drag sales
By Juveria Tabassum and Waylon CunninghamJuly 30, 202411:10 PM UTCUpdated ago
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| 05.07.2024 | Smart technology making people's daily lives easier
AI boosts cultural and creative industries
Insights into future at World Artificial Intelligence Conference
Xuhui aiming to become global hub for ar... | Ti Gong
An automatic coffee machine can receive an order from Alipay's smart voice assistant and a trial service covers around a dozen mini programs of tea and coffee brands.
The latest advancements in large language models would allow much... |
| 05.07.2024 | Crafting personalized companions at WAIC 2024
AI boosts cultural and creative industries
Insights into future at World Artificial Intelligence Conference
Xuhui aiming to become global hub for artifici... | In an era where AI is constantly reshaping our lives, it is easy to meet an AI companion that happens to look like or sound like your favourite celebrity.
We explore the WAIC 2024 exhibition to find out how these AI innovations are not only... |
| 02.07.2024 | Starbucks upgrades rewards program in China as competition brews fierce | Starbucks Rewards members in China are in for a treat, as the coffeehouse chain has unveiled major upgrades to its reward program in the country. This move is part of Starbucks’ efforts to attract more consumers amid fierce competition in C... |
| 21.06.2024 | Luckin Coffee to enter Malaysian market next after Singapore | Luckin Coffee plans to bring its beverage brand to the Malaysian market with a local partner as the Chinese coffee chain expands beyond Singapore, its first foreign location. Malaysia’s media outlet The Edge cited sources familiar with the ... |
| 14.06.2024 | Luckin Coffee Brings Colourful Brews to Singapore's Sunny Shores This Summer with Sesame Street | SINGAPORE, June 14, 2024 /PRNewswire/ -- This summer, Luckin Coffee is bringing a dose of fun into its coffee experience with a collaboration with Sesame Street! From 14 June to 30 September 2024, customers in Singapore can immerse themselv... |
| 13.06.2024 | Starbucks, Luckin Coffee struggle in China as upstart ignites price war | Downward pressure on prices is building in China’s coffeehouse market, where Cotti Coffee is selling most of its beverages for less than RMB 10 (USD 1.4) a cup and industry giant Luckin Coffee is hammering out a strategy to fight back.
“Get... |
| 30.05.2024 | China's Luckin Coffee has overcome its fraud scandal | figcaption>span]:font-sans">
Luckin Coffee's fortunes have perked up, four years after an accounting scandal cost the Chinese company its top executives, its Nasdaq listing, and $180 million in fines.
Why it matters: Many had lef... |
| 28.05.2024 | Luckin Coffee’s margins shrink amid expansion to outplay Starbucks | InsightsStarbucks unfazed by Luckin Coffee amidst intense competition in China’s coffee market
Written by KrASIA Connection
The battle between Luckin and Starbucks in China’s coffee market may be a captivating saga of disruption versus esta... |
| 27.05.2024 | In China, Starbucks tries to avoid price war but gets dragged into discounting | Retail & ConsumerIn China, Starbucks tries to avoid price war but gets dragged into discounting
By Casey Hall and Sophie YuMay 27, 20243:32 AM UTCUpdated ago
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| 27.05.2024 | In China Starbucks tries to avoid price war, gets drawn into discounting | - |
| 17.05.2024 | Nestlé Brings Plant-Based & Upcycled RTD Coffee Products to China | 5 Mins Read Nestlé has introduced six new coffee lines to China, which include plant-based beverages and a first-of-its-kind upcycled innovation.
Already a market leader for 36 years now, global CPG giant Nestlé has invigorated its coffee p... |
| 06.05.2024 | Luckin Coffee records first quarterly loss in two years, negative operating margin | Luckin Coffee reported a negative operating margin of 1% in the first quarter this year as the escalation of a price war in China’s coffee industry dragged the company down despite its 41.5% revenue growth compared to the same period in 202... |
| 03.05.2024 | Luckin Coffee Unveils Sumatra Gayo SOE, Endorsed by World Barista Champion | SINGAPORE, May 3, 2024 /PRNewswire/ -- Luckin Coffee debuted its latest Single Origin Espresso (SOE), the Luckin Black Cup Sumatra Gayo series, today, inviting coffee aficionados to savour its exceptional taste and distinctive flavour. Indu... |
| 05.04.2024 | Luckin Coffee Launched the Latest SOE Series: Gesha, Legend of Legends | SINGAPORE, April 5, 2024 /PRNewswire/ -- Luckin Coffee has launched the latest Single Origin Espresso (SOE) Black Cup Gesha series today, bringing its high-quality taste and distinct flavours to local coffee customers. Savour the premium ta... |
| 02.04.2024 | Starbucks China Launches Alice in Wonderland-Themed Drinks, Merch With Disney | (Yicai) April 2 -- The Chinese branch of US coffee chain giant Starbucks has released new drinks and merchandise themed on classic fairy tale Alice in Wonderland in collaboration with The Walt Disney Company.
From today, Starbucks China’s c... |
| 19.03.2024 | Luckin Coffee trapped in RMB 9.9 dilemma amid Cotti Coffee’s resilience | Luckin Coffee may be the largest coffee chain in China, but even it cannot escape the pressures of keeping up with the “price war” in the domestic coffee market. In the fourth quarter of 2023, Luckin witnessed significant declines in sales ... |
| 14.03.2024 | MoonFox Data: Luckin Coffee has successfully secured a dominant position in the market through rapid expansion and a broadening customer base | About us: Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data produc... |
| 29.11.2023 | Starbucks unfazed by Luckin Coffee amidst intense competition in China’s coffee market | The coffee market is escalating into a battleground.
Luckin Coffee, with a relentless expansion, is expected to surpass 15,000 stores by the end of this year. Cotti Coffee, a rising force, achieved over 6,000 stores within a year, and is ai... |
| 16.04.2021 | Investors pour $250M into Luckin Coffee | Centurium Capital has agreed to invest $240 million in Chinese coffee shop chain Luckin Coffee, while Joy Capital has agreed to back the company with $10 million; both investments will be made via private placements. Luckin Coffee has previ... |
| 16.04.2021 | Luckin Coffee Gets USD250 Million Lifeline From Centurium, Joy Capital to Pay SEC Penalty | (Yicai Global) April 16 -- China's troubled Luckin Coffee has received a USD250 million injection from existing shareholders Centurium Capital and Joy Capital to complete its restructuring plan and to settle its accounting fraud charges in ... |
| 16.04.2021 | Scandal-plagued Luckin Coffee secures $260 million investment | Sign up for our daily briefingMake your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
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| 16.04.2021 | Scandal-hit Luckin Coffee raises USD 250 million, regains trust from investors | Despite dealing with the fallout of its financial scandal and being fined by Chinese authorities, Luckin Coffee seems to have reclaimed some of the trust it had previously lost.
Centurium Capital’s affiliate firm will buy USD 240 million in... |
| 15.04.2021 | China’s Luckin Coffee Nets $260 Million Private-Equity Investment | Luckin Coffee Inc. said it has secured a $260 million investment from two Chinese private-equity firms, funding that the troubled coffee chain operator said would support its debt restructuring and help pay a U.S. regulatory penalty over al... |
| 15.06.2020 | ‘Instant delicacies’ brand Baijia Food raises $28m in Series B funding | Baijia Food, a Chinese maker of high-end instant noodles and other convenience foods, has raised CN¥200 million ($28 million) in a Series B round led by GL Ventures, an affiliate of Beijing-based private equity firm Hillhouse Capital.
MTCCB... |
| 13.05.2020 | Jay-Z, Serena Williams-backed Kopi Kenangan scores $109m in Sequoia-led Series B round | Indonesian ‘new retail’ coffee chain Kopi Kenangan has raised $109 million in a Series B round led by Sequoia Capital India. Local existing investor Alpha JWC Ventures also participated in the round, alongside new backers including Singapor... |
| 12.05.2020 | Tencent backs Tim Hortons as China’s tech-driven coffee wars come to a boil | Canadian coffee chain Tim Hortons has secured an undisclosed amount of investment from Chinese internet giant Tencent, in the latest crossover between the tech industry and coffee foodservice in China.
The iconic Toronto-based brand announc... |
| 29.04.2020 | Starbucks enters China’s agrifood investment scene with Sequoia Capital partnership | Starbucks is set to become an investor in China’s tech startup scene after announcing a partnership with VC firm Sequoia Capital in the country.
Following last week’s launch of meat-free alternative proteins in Starbucks’ Chinese stores, th... |
| 27.04.2020 | Bira’s $30m Sequoia-led round shows India is ready for premium, tech-led F&B brands | Indian craft beer brewer Bira 91 has raised $30 million in a funding round led by existing investors Sequoia Capital and Sofina, underscoring the growth potential for premium, tech-driven food and beverage brands in the rapidly developing c... |
| 02.04.2020 | UPDATE: China’s biggest agrifood startup deals of 2019 include fraudulent Luckin Coffee | UPDATED: April 2, 13:45 EST, to include latest news about Luckin Coffee’s fraud investigation.
AgFunder’s China AgriFood Startup Investing Report 2019 with Bits x Bites reveals that Chinese food and agriculture startups raised $3.6 billion ... |
| 26.03.2020 | Chinese agrifood startups raised $3.6bn in 2019 as economic headwinds intensified | Editor’s note: Winnie Leung is vice president at Bits x Bites, an agtech and foodtech-focused venture capital firm based in Shanghai, China. AgFunder produces its annual China AgriFood Startup Investing Report in partnership with Bits x Bit... |
| 13.03.2020 | Chinese plant protein startup clinches funding from Beyond Meat backer | Starfield Food & Science Technology, a Chinese developer of plant-based proteins, has received an undisclosed amount of funding from US VC New Crop Capital (NCC), its local partner Dao Foods International, and Matrix Partners China.
Chi... |
| 29.07.2019 | Joy Capital, an early stage backer of Luckin Coffee, Nio, and Mobike, raises USD 700 million new fund | Beijing-based Joy Capital, a venture capital firm, announced via its official WeChat account that it has closed a USD 700 million early and growth stage fund.
The new funds are from its current investors and also some new large pension fund... |
| 17.05.2019 | Luckin Coffee tops USD 4 billion valuation in US IPO | Fast-growing coffee chain Luckin Coffee has raised USD 561 million (RMB 3.87 billion) in its IPO at a roughly USD 4 billion (RMB 27.6 billion) valuation, Financial Times reports.
The company sold 33 million American Depositary Shares at a U... |
| 17.05.2019 | China’s Luckin Coffee raises up to $651M in upsized US IPO | Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17.
Despite concern ... |
| 13.05.2019 | The misunderstandings of 18-month-old Luckin’s $500M IPO | Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine.
Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down to about 18 months. Founder Jenny Qian ... |
| 07.05.2019 | China-Based Luckin Coffee Targets $15-$17 Per-Share IPO Price | 10 Shares Email Facebook Twitter LinkedIn
Morning Markets: Money-burning Luckin Coffee’s U.S. public offering wants to raise big money.
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The Uber IPO isn’t the only public offering we’re tracking. An even mo... |
| 07.05.2019 | Luckin Coffee plans to raise USD 586.5 million in US IPO | China’s caffeine-driven cash burner Luckin Coffee is planning to raise up to USD 586.5 million by offering 30 million American Depositary Shares (ADS), according to its prospectus filed with the US Securities and Exchange Commission on Mond... |
| 07.05.2019 | Конкурент Starbucks в Китае Luckin Coffee запланировал привлечь более $500 млн в ходе IPO Статьи редакции | Компания хочет разместиться на Nasdaq по цене $15-17 за акцию.
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Китайская сеть кофейных киосков Luckin Coffee планирует привлечь более $500 млн в ходе первичного размещения акций в США. Об этом пишет TechCr... |
| 06.05.2019 | Luckin Coffee plans to raise over $500M in US IPO | Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup.
In a new filing, Luckin said it plans to se... |
| 18.04.2019 | China's Luckin Coffee raises US$150 million from BlackRock, others | BEIJING: China's Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised US$150 million in its latest round of funding from investors including BlackRock Inc, which values the company at US$2.9 billion.
The investment, US$12... |
| 18.04.2019 | Luckin Coffee raises USD 150 million in Series B+ round, taking valuation to USD 2.9 billion | China’s on-demand beverage startup Luckin Coffee has closed its Series B+ round to raise USD 150 million, four months after it reaped USD 200 million in its Series B round, 36Kr reported on Thursday.
The bulk of this funding—a total of USD ... |
| 18.04.2019 | Term Sheet — Thursday, April 18 | THE FLOODGATES ARE OPEN
The IPO avalanche is here.
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Zoom Video Communications also priced its IPO Wednesday, raising $751 million in this year’s fourth-largest listing so ... |
| 12.03.2019 | Luckin Coffee’s $7.5 million bet to boost sales ahead of rumored IPO | As it reportedly plans for a US IPO, trailblazing coffee chain Luckin Coffee has launched a very generous ten-week-long promotion campaign.
Customers who buy at least seven items a week through the Luckin Coffee app will be entered into a w... |
| 06.03.2019 | Retail Infrastructure as a Service | This is the fourth and last deep dive into the technology investment themes we outlined earlier this year that we will delve into in 2019 and beyond. |
| 12.12.2018 | Term Sheet — Wednesday, December 12 | A YEAR OF MEGA-DEALS
Good morning, Term Sheet readers.
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“Through a fog of uncertainty, IPO markets around the world found a clear path forward and investment opportunities... |
| 12.12.2018 | Luckin Coffee Raises $200M More, Doubles Valuation | 33 Shares Email Facebook Twitter LinkedIn
Today is the day.
China’s quickly rising Starbucks competitor Luckin Coffee has announced its raise of $200 million led by GIC and China International Capital Corporation. You’ll recall that the cof... |
| 06.11.2018 | Term Sheet — Tuesday, November 6 | PE’S TECH LOVE AFFAIR
Good morning, Term Sheet readers.
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This is the latest security-related acquisition for Thoma Bravo, which has completed more than 30 enterprise secur... |
| 30.07.2018 | Top tech startup news stories you need to know this Monday, July 30 | Good morning! Here are some of the top tech startup news stories for today, Monday, July 30.
A new Chinese coffee startup, Luckin Coffee, is giving Starbucks a run for its money. Luckin Coffee, a Beijing-based rival that launched last Octo... |
| 12.07.2018 | Term Sheet – Thursday, July 12 | MIX TAPE
Good morning all! Lucinda back again for today and Friday. Reach me lucinda.shen@fortune.com.
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Well, kind of.
The venture capital arm of his family office, Cohen Ven... |
| 11.07.2018 | China’s Luckin Coffee raises $200m in GIC-backed round, now valued at $1b | Premium
China’s Luckin Coffee, which has been expanding aggressively and touting itself as a local rival to Starbucks Corp, said on Wednesday it has raised $200 million in a fundraising round that values the on-demand coffee delivery startu... |
| 11.07.2018 | Deals | Luckin Coffee raises $200 million to battle Starbucks in China | Luckin Coffee, China’s on-demand coffee startup, announced that it has raised $200 million in a Series A financing round, bringing it to a valuation of $1billion, joining the Chinese unicorn ranks. Some investors for this Series A include G... |
| 13.06.2018 | EXCLUSIVE: Luckin Coffee raises up to USD 300M Series A amidst China’s coffee culture boom, joining unicorn echelon | China’s most hyped coffee startup Luckin just joined the echelons of global unicorns after completing a Series A between USD 200 million and 300 million, valuing the company at north of USD 1 billion, according to people familiar with the m... |