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 ...

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

GAAP Operating Margin Expanded Year-over-Year to 10.4%Fourth Quarter Same-Store Sales Growth for Self-Operated Stores Notably ...

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, 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 ...

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 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 new ...