China’s Luckin Coffee raises $200m in GIC-backed round, now valued at $1b

Photo by Jakub Kapusnak on Unsplash

China’s Luckin Coffee, which has been expanding aggressively and touting itself as a local rival to Starbucks Corp, said on Wednesday it has raised $200 million in a fundraising round that values the on-demand coffee delivery startup at $1 billion.

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