Luckin is an emerging growth company with $125.3 million in revenue for the year ending Dec. 31, 2018. Its net loss for the year came to $241.3 million. It is the second largest coffee chain in China, says the prospectus, citing data from consulting firm Frost & Sullivan.
“China’s coffee market is highly underpenetrated,” the company says in its prospectus. “Inconsistent quality, high prices, and inconvenience have hampered the growth of the freshly-brewed coffee market in China. We believe that our model has successfully driven the mass market coffee consumption in China by addressing these pain points.”
發表於 2019-5-30 20:12:42
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發表於 2019-5-30 20:42:56