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The Latest Breaking News from Luckin Coffee

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

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

Billion-dollar Chinese company making major stock market move (it's not Luckin Coffee)

The beloved and controversial retailer may make a change despite suspicion from U.S. lawmakers.

The Street

3 Restaurant Stocks to Buy End of June

The restaurant industry is well-positioned to witness solid growth in 2023 and beyond, thanks to the rising popularity of food takeout and the integration of innovative technologies. Therefore, it seems wise to invest in quality restaurant stocks Luckin Coffee (LKNCY), Bloomin’ Brands (BLMN), and Chuy’s Holdings (CHUY) now. Read more….

StockNews.com

Buy or Sell: Starbucks (SBUX) and Luckin Coffee (LKNCY)

Despite the macroeconomic challenges, the restaurant industry looks poised for stable growth. However, is this the right time to invest in Starbucks (SBUX) and Luckin Coffee (LKNCY)? Continue reading to find out.

StockNews.com

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US financial regulators threaten to delist Chinese companies but will Beijing compromise to save their American dream?

For decades, Chinese billionaires and entrepreneurs have dreamt of their companies making it on the New York stock exchange, but now they face the risk of being delisted if Beijing does not step back.

ABC News

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.

Caixin Global

Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy

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