Posts filtered by tags: Luckin Coffee[x]


 

Immigrant founders, smartphone growth, SEO tactics, SoftBank’s financials, and AR tech

How an immigration crackdown is hurting UK startups Our European correspondent Natasha Lomas spent the past few weeks investigating what’s been happening to immigrant founders and tech talent in the UK, who have been receiving more scrutiny from the Home Office in recent months. Natasha zooms in on Metail, a virtual fitting room startup, and its tribulations with the immigration authorities and the damage those action are having on the broader ecosystem: The January 31 decision letter, which Te...
Tags: Apple, Amazon, Startups, TC, UK, Softbank, Samsung, Home Office, Alex, Zoom, Natasha, SoftBank Group, Natasha Lomas, Brian Heater, SoftBank Vision Fund, Eric Yuan


Startups Weekly: There’s an alternative to raising VC and it’s called revenue-based financing

Revenue-based financing is on the rise, at least according to Lighter Capital, a firm that doles out entrepreneur-friendly debt capital. What exactly is RBF you ask? It’s a relatively new form of funding for tech companies that are posting monthly recurring revenue. Here’s how Lighter Capital, which completed 500 RBF deals in 2018, explains it: “It’s an alternative funding model that mixes some aspects of debt and equity. Most RBF is technically structured as a loan. However, RBF investors’ r...
Tags: Amazon, Lyft, Europe, China, Israel, Tech, SEC, Silicon Valley, Jawbone, Accel, Alex Wilhelm, Danny Crichton, Ingrid Lunden, Rbf, Lighter Capital, Hosain Rahman


Starbucks’ Chinese nemesis surges 20% in public debut

Shares of Luckin Coffee jumped 20% in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market’s close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chinese consumers. The company has nearl...
Tags: Coffee, Fundings & Exits, Startups, TC, China, Tech, Starbucks, Seattle, Nasdaq, Exit, Xiamen, Luckin Coffee, Luckin, Chinese Starbucks


Starbucks’ Chinese nemesis Luckin Coffee surges 20 percent in public debut

Shares of Luckin Coffee jumped 20 percent in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50 percent, before settling back down to $20.38 at the market’s close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chineses consumers. The co...
Tags: Coffee, TC, China, Tech, Starbucks, Seattle, Nasdaq, Xiamen, Luckin Coffee, Luckin, Chinese Starbucks


Luckin Coffee surges in Wall Street debut

China's Starbucks has arrived on Wall Street. Luckin Coffee begin trading on Friday and provided an immediate caffeine jolt to the market. The stock surged nearly 50% to $25 a share before pulling back. Shares were up 15% in late afternoon trading.
Tags: China, Cnn, Starbucks, Luckin Coffee, Wall Street Luckin Coffee


Luckin Coffee surges nearly 50% in Wall Street debut

China's Starbucks has arrived on Wall Street. Luckin Coffee begin trading on Friday and provided an immediate caffeine jolt to the market. The stock surged nearly 50% to $25 a share before pulling back a bit.
Tags: China, Cnn, Starbucks, Luckin Coffee, Wall Street Luckin Coffee


China’s Luckin Coffee raises up to $651M in upsized US IPO

Another week, another cash-burning tech IPO in the U.S. , ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17. That price is at the top-end of Luckin’s previously announced $15-$17 range but the company has upsized its share offering to 33 million, that’s three million more than previously planned. That gives Luckin an initial net raise of $571.2 million, although that could increase to $650.8 million if underwriters take up th...
Tags: Uber, Asia, New York, Finance, China, US, Tech, United States, Starbucks, Carsharing, Initial Public Offering, Blackrock, Greenshoe, Luckin Coffee, Luckin, Extra Crunch


Zoom, housing affordability, Mailchimp, Yext, and Uber

Conference call with CEO Eric Yuan of newly-IPOd Zoom Since we first started Extra Crunch three months ago (my, time flies), we’ve been offering members live conference calls with our reporters. This week, we are trying something new and bringing a guest aboard. TechCrunch’s SF-based startup and venture capital reporter Kate Clark is going to talk today with Eric Yuan, who founded video conferencing startup Zoom that just went public last month, making Yuan a very happy man. Come armed with ...
Tags: Lyft, Uber, Housing, Tech, Mailchimp, Yuan, Zoom, Yext, Eric Yuan, Kate Clark, Luckin Coffee, The Extra Crunch Daily, Mailchimp Yext, Arman Tabatabai Instructions, Dan Wu


The misunderstandings of 18-month-old Luckin’s $500m IPO

Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin cut that time down to about 18 months. Founder Jenny Qian Zhiya opened a trial coffee shop in Beijing, with a focus on rapid coffee delivery and mobile app ordering. Fast forward to today, and the company’s 2,370 stores conducted nearly 17 million transactions in the most recent quarter ending March 31. Now Luckin...
Tags: Fundings & Exits, Asia, Finance, China, Ipo, Tech, Beijing, United States, Starbucks, Alibaba Group, Nasdaq, Growth, Tencent Holdings, Meituan-dianping, Luckin Coffee, Luckin


Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO: Reuters

Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange Commission on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering, giving it a valuation of between $3.48 billion and $3.95 billion. Each ADS represents eight Class A shares, the company said bit.ly/2YbOaoZ. Luckin Coffee, which has been...
Tags: China, Ipo, Singapore, Trends, IPOs, Ads, Starbucks, Sichuan, Reuters, U S, U S Securities and Exchange Commission, BlackRock Inc, Starbucks Corp, GIC Pte Ltd, Luckin Coffee, Luckin


Luckin Coffee plans to raise over $500M in US IPO

Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. , Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of $450 million to $510 million, but it could be bumped up if underwriters take up the additional allocation of 4.5 million shares. So, as a grand total, the listing could raise $586.5 mil...
Tags: Asia, New York, China, Restaurants, US, Tech, Ceo, Companies, United States, Food And Drink, Starbucks, Kevin Johnson, Cnbc, Initial Public Offering, Blackrock, Luckin Coffee




Starbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t sustainable

A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO. Kevin Johnson, who leads the American coffee giant, told CNBC that competitors in China including Luckin have adopted a strategy of building market share using “heavy, heavy discounts” that he believes is not sustainable. “We’re deploying capital and building 600 new stores per year,” he said. We’re “generating the return on invested capita...
Tags: Asia, Indonesia, China, Restaurants, Southeast Asia, Tech, E-commerce, Ceo, United States, Asia Pacific, Alibaba, Food And Drink, Starbucks, Alibaba Group, Johnson, Kevin Johnson


Mary Meeker’s new fund, two IPOs from China, and what’s next for Uber and Slack?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate Clark and Alex Wilhelm dug into the latest, namely big news on the fund front from folks you know, two China-based companies going public on domestic exchanges, and what’s next in the long-running sagas of getting Uber and Slack public. First up Kate talked us through the latest at Kleiner Perkins and Mary Meeker’s new growth fund, called Bond ...
Tags: Apple, Startups, TC, Lyft, Uber, China, Tech, United States, Transport, Venture Capital, Commuting, States, Kate, Twitch, Alex, Carsharing


Starbucks' big rival in China plans to list in New York

Beijing-based Luckin Coffee said in a filing Monday night that it wants to sell shares on the New York Stock Exchange as part of its ambitious expansion plans.
Tags: New York, China, Cnn, Beijing, Starbucks, New York Stock Exchange, Luckin Coffee




China’s fast-growing Starbucks competitor Luckin Coffee just filed to go public on the Nasdaq

China’s Luckin Coffee has registered plans with the SEC to go public on the Nasdaq, setting a placeholder amount of $100 million, shows its filing. The development comes less than a week after the 18-month-old company announced $150 million in Series B “plus” funding led by the private equity firm Blackrock, which pumped $125 million into the company in a deal that values Luckin at $2.9 billion. As TechCrunch reported last Wednesday, Blackrock also owns a nearly 7 percent stake in Starbucks, ...
Tags: Travel, TC, China, Beijing, SEC, Starbucks, Blackstone, Blackrock, Legend Capital, GIC, Luckin Coffee, Luckin, Joy Capital GIC Legend Capital Dazheng Capital


China’s Luckin Coffee raises $150 mln from BlackRock, others: Reuters

China’s Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion. The investment, $125 million of which came from a private equity fund managed by BlackRock, follows a $200 million funding round in November that had increased the company’s valuation to $2.2 billion, Luckin said in a statement on Thursday. The up-and-coming coffee chain with ambitions to chal...
Tags: China, Singapore, Trends, Credit Suisse, Goldman Sachs, Starbucks, Morgan Stanley, Blackrock, Reuters, BlackRock Inc, Starbucks Corp, GIC, PE Deals, U S IPO, Consumer/Retail, Luckin Coffee


Starbucks challenger Luckin’s fundraising spree continues with $150M investment

Coffee startup Luckin is continuing its fundraising spree as it sets its sight on becoming an alternative to Starbucks in China. The a-year-and-a-half old company announced on Thursday that it closed a Series B-plus raise totaling $150 million. The fresh proceeds valued Luckin at $2.9 billion post-money, up from $2.2 billion just four months ago. While many question Luckin’s cash-fueled expansion, Blackrock, which owns a 6.58 percent stake in Starbucks, shows its confidence in the Chinese sta...
Tags: Food, Drinks, Asia, New York, China, Singapore, Funding, Tech, Alibaba, Food And Drink, Starbucks, Alibaba Group, Blackrock, GIC, iResearch, Luckin Coffee


Starbucks Is Losing Its Coffee Lead in China

Start-up Luckin Coffee has emerged virtually overnight with a model built to challenge Starbucks' supremacy.
Tags: Finance, China, Article, Starbucks, FBN, Motley Fool, Fbn/markets, Fox-business/markets, Luckin Coffee, 0e345163-22ad-53d1-b5e4-b3f36617ec10


Can there be too much competition between startups?

Competition is the core of capitalism. Competition between companies lowers prices — on average — and ensures that they are forced to innovate lest they lose their markets to others. Competition between workers ensures that people strive to do their best work lest their jobs go to more qualified or faster or cheaper replacements. Obviously, there is a spectrum here from lethargic monopoly to cutthroat competition that causes more problems than it’s worth (environmental damage in the hopes of cut...
Tags: Travel, Amazon, Ecommerce, New York, China, Nigeria, Africa, Palo Alto, Alibaba, Venture Capital, JD.com, Silicon Valley, Starbucks, Travis Kalanick, Naspers, Reuters


Luckin Coffee chief taps banks for $200 million loan in exchange for IPO role, say sources: Reuters

Chinese startup Luckin Coffee’s chairman is seeking a loan of at least $200 million from banks including Goldman Sachs and Morgan Stanley under a deal that would award them mandates in the firm’s planned U.S. IPO, people with knowledge of the matter said. The coffee chain, which aims to overtake Starbucks in China this year, has already mandated Credit Suisse to lead the initial public offering (IPO), which could take place as soon as May and give it a valuation of about $3 billion, sources told...
Tags: Hong Kong, China, Ipo, Singapore, Trends, IPOs, Beijing, Credit Suisse, Goldman Sachs, Starbucks, Morgan Stanley, Goldman, Unicorn, Reuters, Lu, GIC Pte Ltd


Starbucks’ China rival Luckin Coffee taps three banks for U.S. IPO, say sources: Reuters

Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter. Goldman Sachs and Morgan Stanley are also advising Luckin, one of the quickest firms to reach ‘unicorn’ status in China, on preparatory work for the initial public offering (IPO), said the people. One of the people said the company is targeting a valuation of about $3 billion in t...
Tags: Hong Kong, New York, China, Ipo, Singapore, Trends, IPOs, Beijing, Credit Suisse, Goldman Sachs, Starbucks, Seattle, Morgan Stanley, Reuters, GIC, GIC Pte Ltd


First China, now Starbucks gets an ambitious VC-funded rival in Indonesia

Asia’s venture capital-backed startups are gunning for Starbucks . In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing China’s on-demand wave, and on the real estate side, where WeWork China has just unveiled an on-demand product that could tempt people who go to Starbucks to kill time or work. That trend is picking up in Indonesia, the world’s fourth largest country and Southeast Asia’s largest economy, where an on-demand challenger named Fore C...
Tags: Google, Android, Fundings & Exits, Apps, Asia, Indonesia, China, Southeast Asia, Singapore, Funding, Tech, Economy, Companies, United States, Internet Access, Alibaba


WeWork could challenge Starbucks in China with new on-demand service

The rise of Starbucks in China, like that in the west, is closely linked to its function as a “third space” for people to hang out between home and work. In recent years, a bevy of coffee entrepreneurs are trying to topple the American giant’s dominance in China and lately, an unexpected contender — WeWork — has joined their camp. This month, the office tenant and workplace service provider launched WeWork Go, a new feature that allows China-based users to rent a desk by the minute so they...
Tags: Asia, Real Estate, China, Tech, Shanghai, WeChat, Mobile Payments, Manhattan, Starbucks, WeWork, Seattle, Social Network, Real-time, Operating Systems, Executive, Go


China’s social credit system won’t tell you what you can do right

For the past few years, China has been rolling out a Black Mirror / Harry Potter-esque social rating policy known as the Social Credit System (SCS). Far from just a credit score in the financial sense, an SCS score can determine whether a person can buy business class tickets on trains (or take the train at all) or have access to flights. Apps are rumored to exist that would tell users whether they are standing near someone with a debt listed in the system, so … they can walk away I guess. This ...
Tags: Startups, Asia, Government, China, Tech, Policy, Beijing, Munchery, Nvidia, Silicon Valley, Financial Times, Eric Eldon, Danny, SCS, Social Credit System SCS, Romain Dillet


Coffee clash brewing in China: startup Luckin takes on Starbucks

When Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown rival, Luckin Coffee, plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with steep discounts, challenging Starbucks' dominance by targeting office workers and students who prefer to have their java on-the-go or delivered to their doorstep.
Tags: News, China, US, Starbucks, Luckin Coffee, Luckin


Starbucks Faces a Dangerous Rival in China

The digital-native Luckin Coffee is becoming a thorn in Starbucks’ side.
Tags: Finance, China, Article, Starbucks, FBN, Motley Fool, Fbn/markets, Fox-business/markets, Luckin Coffee, 1106c9db-a76c-59bd-bcb4-20cca8bee5f0


A real roasting: Coffee startup Luckin set to overtake Starbucks in China

After only a year in business, startup Luckin Coffee said Thursday it will open 2,500 stores this year to dislodge Starbucks and become China's largest coffee chain. The company said it plans to have more than 4,500 stores in China by the end of 2019, taking it past the US coffee giant, which has over 3,600 stores across the country. China is Starbucks' second biggest market after the United States.
Tags: News, China, US, Starbucks, Luckin Coffee, Luckin


This coffee company thinks it can beat Starbucks in China

After barely a year in business, Luckin Coffee is challenging Starbucks in one of the US coffee giant's top markets.
Tags: China, US, Cnn, Starbucks, Luckin Coffee