Meanwhile, Luckin announced in December a reduction in the prices of its raw material supplies for franchisees, effective Jan ...

Luckin Coffee, China's largest coffee chain that became highly popular after it priced a cup at just 9.9 yuan, has announced ...

CEO Jinyi Guo highlighted that 2024 was a pivotal year, with total net revenues increasing by 38% year-over-year to RMB34.5 billion and operating profit rising by 17% to RMB3.5 billion. He emphasized ...

Reports Q4 revenue RMB 9.6B vs. RMB 7.06B last year. Net new store openings were 997, comprising 991 stores in China (including 5 stores in ...

Q4 2024 Results Conference Call February 20, 2025 8:00 AM ETCompany ParticipantsJinyi Guo - Chairman & CEOAn Jing ...

Luckin Coffee (LKNCY) is surging 10% after the company reported that its revenue had jumped 32.7% last quarter versus the ...

Tourists relax at a coffee manor in Pu'er, southwest China's Yunnan Province, Jan. 7, 2025. [Photo/Xinhua] Luckin Coffee, China's largest coffee chain that became highly popular after it priced a ...

Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two ...

Luckin and Cotti’s gain is Starbucks’ loss. China has been a key growth market for the U.S. coffee chain as Chinese urban consumers flocked to buy its (relatively expensive) coffee.

Luckin Coffee, China's largest coffee chain that became highly popular after it priced a cup at just 9.9 yuan ($1.36), has announced rate hikes across its product lineup, leaving many office ...

China’s largest coffee chain Luckin Coffee has opened its first two stores in Malaysia with plans to have 200 outlets in the next two years. The chain – with 20,000 outlets in China ...