Lukin Coffee is a Fast-Growing Publicly Traded Company in China

 - May 20, 2019
References: luckincoffee & techcrunch
Luckin Coffee is a new Chinese start-up that's captured the world's attention with its incredibly quick launch to a publicly-traded company. The founder, Jenny Qian Zhiya, opened the first Luckin Coffee shop in Beijing and has since opened 2,370 locations and boasts over 17 million transactions.

In order to reach this success, the startup didn't let money stand in its way. With large scale marketing and promotional campaigns, Luckin Coffee has reported major deficits in its first full business year. This deficit has not, however, affected the company's appeal to investors. It still received substantial funders from around the globe, most notably a $150 million from Blackrock, a New York private equity firm. Luckin Coffee has already disrupted the Asian coffee market with its sights on North America and Europe next.

Image credit: Lukin Coffee