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The Latest Breaking News from Luckin

Starbucks, Dunkin and Tim Hortons in Danger as China's Luckin Coffee's $2 Brews Hit New York for Debut

Luckin Coffee debuts in NYC with $1.99 brews, using tech-driven convenience and low prices to challenge Starbucks, Dunkin', and Tim Hortons.

International Business Times UK

Look out, Starbucks: Luckin Coffee, the biggest coffee chain in China, is opening its first U.S. locations

A battle is brewing.

Fortune

Can Luckin and Dutch Bros Take Market Share From Starbucks?

Two upstart coffee chains—one domestic, one from China—are poised to expand across the United States, potentially upending Starbucks' dominance.

MarketBeat

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Luckin Coffee beat Starbucks in China. It's now taking its playbook overseas to markets like Malaysia

Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in both China revenue and store count.

Fortune

3 Consumer Experience Stocks Redefining Convenience

The food service industry has seen a massive uptick in recent years owing to easily accessible food delivery options and a rising personal income. Thus, investors looking to capitalize on this growth could invest in stable consumer experience stocks Starbucks (SBUX), Luckin Coffee (LKNCY), and Nathan's Famous (NATH). Read on….

StockNews.com

Starbucks hires its first-ever China chief growth officer as it battles fierce local competition

Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold by local chains like Luckin Coffee.

Fortune

Luckin Coffee, the buzzy chain that outsells Starbucks in China, reportedly plans a U.S. expansion

Luckin Coffee was booted off the Nasdaq in 2020 after an accounting scandal. It may be on its way back to the U.S.

Fortune

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China overtakes US as branded coffee shop capital of the world

Number rose by almost 60% in a year to 49,691 stores, making China ‘a global coffee industry powerhouse’

The Guardian - UK

Starbucks Stock: Scoop Up this Oversold Bargain for Pumpkin Spice Latte Season

Starbucks stock has been falling fast, thanks to market weakness and a recent, unwarranted analyst downgrade. Long-term investors should consider buying the dip now, as Wall Street overreacts to China fears.

Barchart

Luckin Coffee Turns First Annual Profit

The Starbucks challenger reported an operating profit of 1.16 billion yuan for 2022, coming off a loss of 539 million yuan the previous year

Caixin Global

From Exposing Fraud To Buying A Minority Stake: Luckin Coffee's Unlikely Comeback

If you’ve been investing for more than a few years, you likely remember the rise of what-was-supposed-to-be China’s Starbucks Corporation (NASDAQ: SBUX) competitor Luckin Coffee Inc (OTCMKTS: LKNCY) back in 2017.

Benzinga

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

Benzinga

New China Accounting Scandal Flies Under the Radar. And Where There's Smoke …

By Doug Young

Benzinga

Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Caixin Global

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Caixin Global

Luckin Coffee’s Outlets in China Top Starbucks

Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.

Benzinga

Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy

Key Takeaways:

Caixin Global

Luckin Escapes Liquidation After Striking Debt Restructuring Deal

The erstwhile Starbucks China challenger says a Cayman Islands court had dismissed a petition to wind up the company

Benzinga

After Major Rebrew, Is Luckin Seeking To Re-list In New York?

Key takeaways:

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Benzinga

Scandal-Hit Starbucks Rival Luckin Said To Be Scheming A US Relisting

Luckin Coffee Inc (OTC: LKNCY) is planning to list its shares once again in the United States nearly two years after the Chinese company was rocked by a $300 million accounting scandal.

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