BRIEF: Luckin launches in U.S. without signature budget pricing
Chinese coffee chain Luckin Coffee (LKNCY.US) has officially entered the U.S. with the June 30 opening its first two stores in Manhattan, New York, marking a significant step in its…
FAST NEWS: Luckin’s operating profit surges on rapid expansion
The latest: Chinese coffee chain operator Luckin Coffee Inc. (LKNCY.US) announced Tuesday that its revenue in the second quarter jumped 88% year-on-year to 6.2 billion yuan ($870 million), while its…