| Market Capitalization (Millions $) |
92,274 |
| Shares
Outstanding (Millions) |
2,568 |
| Employees |
29,217 |
| Revenues (TTM) (Millions $) |
7,035 |
| Net Income (TTM) (Millions $) |
514 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Luckin Coffee Inc is a Chinese coffeehouse chain that was founded in 2017 and is headquartered in Xiamen, China. The company aims to redefine the coffee experience for Chinese consumers by providing affordable, convenient, and high-quality coffee. It operates on a primarily digital and delivery-focused model, leveraging technology to offer a seamless and efficient ordering and delivery process. Luckin Coffee has built an extensive network of stores, with a focus on small-format pick-up stores and delivery kitchens, to cater to the growing demand for coffee in China. The company offers a range of coffee and tea beverages, as well as various snack and food items. Despite being a relatively young company, Luckin Coffee grew rapidly and achieved significant market share in a short period, challenging the dominance of established players like Starbucks in the Chinese market. However, the company faced a major setback in 2020 due to accounting fraud, which led to the ousting of key executives and a significant drop in its stock price.
Company Address: 28th Floor, Building T3, Haixi Jingu Plaza Xiamen City 361008
Company Phone Number: 3386666 Stock Exchange / Ticker: LKNCY
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