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Luckin Coffee Inc. (LK)

Law Offices of Howard G. LK Investors. Yahoo Finance. Sign in. Sign in to view your mail. Finance Home. Luckin Coffee Inc. Currency in USD. Add to watchlist. Summary Company Outlook. Trade prices are not sourced from all markets. Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies. Bullish pattern detected. Bollinger Bands. View all chart patterns. Performance Outlook Short Term. Mid Term. Long Term. Previous Close 4. Volume 22, Market Cap 1. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Research that delivers an independent perspective, consistent methodology and actionable insight. Press Releases. Business Wire. Advertise With Us. All rights reserved.

Luckin Coffee warns of fraudsters using its brand name to dupe investors and franchisees

The Beijing-based chain also boosted its IPO to 33 million shares, 3 million more than initially planned. Luckin is trying to overtake Starbucks as the biggest coffee chain in China. Since it was founded less than two years ago, it has opened 2, stores and plans to add 2, this year alone. Starbucks is celebrating its 20th anniversary in China this year. But tea still remains the top drink for Chinese consumers. Luckin is also trying to reach tea drinkers with trendy beverages, like fruit teas topped with cream cheese. Luckin has also tried to attract new customers by discounting its drinks, a strategy that Starbucks CEO Kevin Johnson has said is not sustainable. But investors may disagree. Shareholders will want to see the company become profitable eventually. Luckin is the latest company to make its debut on the stock market this year. While ride-hailing giants Uber and Lyft have had rocky entries into the public market, others like Beyond Meat have seen shares soar. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. All Rights Reserved. Data also provided by. Skip Navigation. Markets Pre-Markets U. Key Points. The Beijing-based chain is trying to overtake Starbucks as the largest coffee purveyor in China. VIDEO Related Tags. News Tips Got a confidential news tip? We want to hear from you. Get In Touch. CNBC Newsletters. Market Data Terms of Use and Disclaimers.

China's Luckin Coffee is taking on Starbucks in more big markets

Browse through our complete library of business franchise related articles. Coffee is one of the most widely loved drinks in the world, prized for its aroma, taste, and the amazing way it makes you feel. For many, a day without coffee is a day that never began. With so many people drinking coffee every day, you've probably considered this the perfect business, especially if you're one of those people who can't function without your own cup of magic brew every morning. Of course, starting a franchise requires careful thought about the pros and cons, and having a good idea of the full costs you can expect. Coffee is both literally and figuratively hot, offering enormous opportunity for entrepreneurial types eager to join the world of small business ownership. Before choosing a franchise, you need to decide what type of coffee shop you want to run. Are you interested in a truck or cart that does little more than sell coffee? Maybe a drive-thru to grab people in a hurry to get to work? These details determine the type of enterprise you open and play a significant role in determining your overall costs and investment. The main benefit of owning a franchise is the partnership it provides as regards brand recognition and working with a proven business model. With coffee being such a popular beverage, coffee franchises are a hot investment. Your customer base is built-in, and the franchise supports its franchisees with branding and a business model, because your success is also in their best interest. Before you purchase a coffee franchise, you need to consider three main points: the investment, finding your space, and whether you'll sell products besides coffee. The investment, i. In addition to paying for the franchise license, you also need to budget for both the cost of your space and all of the necessary equipment. In general, you should expect it take a year or more before your investment begins turning a profit. You also need to decide whether to buy or lease a space. Most people opt for leasing, as it has a much lower initial cost. Your price depends on the size of the space. Whether you lease or buy, pricing is determined by square footage. Location also plays a role, in terms of both where in the country you are and your location within your community. Finally, you must determine whether you will sell products in addition to coffee. Most shops include some food items, such as donuts and other pastries, breakfast sandwiches, smoothies, teas, and cocoa. Of course, much of this is determined by which franchise you choose. Prices for a coffee franchise vary dramatically, depending on the type of franchise you buy. This cost includes equipment, licenses, and the cost for your space. In addition to the initial startup costs, you have recurring costs. If you buy a franchise, the company typically collects a variety fees or royalties in exchange for the use of their brand name. The royalties collected help pay for advertising expenses that can hugely benefit your business. All rights reserved.

Luckin Coffee to Launch Tea Series in October With Franchisees

Luckin Tea is the company's tea-based beverage line. The China-based coffee chain also announced the launch of a pilot program for its new retail partnership model to support the expansion of Luckin Tea. The company has named actor-singer Zhan Xiao as the brand ambassador of Luckin Tea. By launching an independent Luckin Tea brand and new retail partnership model, Luckin Coffee intends to accelerate its expansion into China's lower-tier cities and further increase its overall market share throughout the country. Jian Liu, Chief Operating Officer of Luckin Coffee, said, "To further capitalize on the opportunity in the freshly-brewed tea market, we are strategically launching Luckin Tea as an independent and complementary brand and rolling out the store footprint nationwide. In addition to freshly-brewed tea drinks, Luckin Tea stores will sell a standard range of classic freshly-brewed coffee. Luckin Tea stores will focus more on "leisurely" scenarios by targeting locations in shopping malls and other lifestyle-centric commercial areas, while Luckin Coffee stores will continue to expand its presence by primarily focusing on office locations. Luckin Tea stores will initially be rolled out in second, third and fourth-tier cities, whereas Luckin Coffee will focus on first and second-tier cities. Luckin Coffee said its pilot retail partnership model is different from the traditional franchise model and will not charge an upfront partnership fee or franchise fee. Luckin Coffee operates 2, stores across 40 cities in China. The company plans to open more than 4, stores by the end of The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Markets LK. In This Story LK. Latest Markets Videos. See more videos. Your Watchlist is empty. Add a Symbol. Add a symbol to your watchlist.

Luckin Coffee surges as much as 50% in its market debut

Some , class B shares and 95, class A shares of Luckin had been pledged to secure the loan, including shares additionally pledged by the family trust of Qian, one of the banks on the loan, Goldman Sachs Group Inc, said in a note to clients on Monday proposing a sale of the shares. Luckin declined to comment. Lu Zhengyao did not immediately respond to a request for comment. It was not possible to contact Qian directly. Morgan Stanley, Credit Suisse and Barclays declined to comment. CICC and Haitong did not immediately respond to requests for comment outside business hours. Luckin shares were down a further Editing by Carmel Crimmins and Steve Orlofsky. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our community guidelines for more information and details on how to adjust your email settings. Julie Zhu and Jennifer Hughes. Filed under PMN Business. The Financial Post has also learned that Husky had dropped its plan to sell off its network of retail gasoline stations. Kevin Carmichael: The silver lining around the jobs numbers is that the epic decline will be met with a public rescue of historic proportions. Businesses that were in a rapid growth phase prior to the pandemic, but not yet profitable, aren't meeting BDC's criteria for financing. Comments Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Sign in to Comment.

How Chinese startup Luckin Coffee is competing with Starbucks

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