China's Starbucks rival Luckin posts upbeat forecast riding on rapid growth

China's Starbucks rival Luckin posts upbeat forecast riding on rapid growth

A customer exits a Luckin Coffee outlet in Beijing, China, on Tuesday, Jan. 15, 2019. Photographer: Gilles Sabrie/Bloomberg

Starbucks China rival Luckin Coffee Inc  forecast fourth-quarter revenue above estimates and posted a smaller-than-expected loss on Wednesday, as the company benefited from rapid store openings and lower expenses.

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