Free cups of coffee, fast store openings, and technology will help Luckin Coffee burn a great deal of investor money, but it won’t turn the Chinese start-up into another Starbucks. Customers buy coffee at a Luckin Coffee outlet in Shanghai.

China's Luckin Coffee had hopes of being as successful with American investors as its rival Starbucks. Luckin Coffee Inc.’s mobile app is among more than 20 delivery, healthcare and e-learning apps threatened with removal from the country’s app stores after a rebuke from China’s cyber-security watchdog for infringing consumer data regulations, according to the state-run Xinhua News Agency.

Luckin Coffee's stock was up 0.9% in premarket trading Tuesday before it was halted at 9:15 a.m. Eastern time.

Luckin Coffee fired its CEO and COO as part of an internal investigation into sales fraud. Unfortunately, for the health-conscious, it may be too late, as medical professionals recommend no caffeine after 3pm, but if you’d like to skirt their advice and the Luckin app continues to crash, there are plenty more options around town. — China Daily.

Luckin Coffee does not accept cash payment, because everything is already in smartphones, which fits with China’s “new retail” trend.

Good luck ChaseinChina , …

BEIJING: Luckin Coffee, a Starbucks rival in China, said Saturday it will delist from the Nasdaq following a massive fraud scandal that sent its share price plummeting. Luckin Coffee's app has rocketed to become the second most popular in China as consumers rushed to claim a free drink that it has long offered for …

Luckin Coffee Inc. (Chinese: 瑞幸咖啡; pinyin: Ruìxìng Kāfēi) is a Chinese coffee company and coffeehouse chain.It was founded in Beijing in 2017.

The chain fired its chief executive Jenny Zhiya Qian and chief operating officer Liu Jian in May after an internal investigation into fabricated transactions.

But following an accounting scandal, Luckin is now heading to Wall Street's graveyard.

Check out the daily app ranking, rank history, ratings, features and reviews of top apps like luckin coffee 瑞幸咖啡 on ios Store. For example, customers can easily pay with services from Tencent’s (OTCMKTS:TCEHY) WeChat and Alibaba’s (NYSE:BABA) Alipay.

According to the store locators from Luckin's app and Starbucks' website, Luckin now has at least 2,000 more locations in China than Starbucks.
The updates are great, please add more languages, The Luckin Coffee is going to be an international brand, I think the wise thing to add other languages to the app.

Luckin Coffee's stock was up 0.9% in premarket trading Tuesday before it was halted at 9:15 a.m. Eastern time.
The Luckin Coffee app.


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