China’s Starbucks challenger Luckin Coffee files for US IPO
  • Xiamen-based Luckin, which raised US$150 million from investors including BlackRock last week, has a valuation of US$2.9 billion
  • Start-up had a 2.1 per cent market share in China last year, while Starbucks accounted for more than 50 per cent of the market
23 Apr 2019 - 9:30PM