Luckin Coffee, which has partnerships with internet giant Tencent Holdings and on-demand services provider Meituan Dianping, plans to have more than 4,500 stores in China by the end of this year. Photo: Kyodo

China’s loss-making Luckin Coffee start-up doubles down on subsidies to win customers from Starbucks

  • Luckin plans to add about 2,500 new stores this year, increasing its total number of outlets to more than 4,500
Topic |   China technology

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Luckin Coffee, which has partnerships with internet giant Tencent Holdings and on-demand services provider Meituan Dianping, plans to have more than 4,500 stores in China by the end of this year. Photo: Kyodo
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