Fresh after raising $200m, GIC-backed Luckin Coffee aims to overtake Starbucks in China

Fresh after raising $200m, GIC-backed Luckin Coffee aims to overtake Starbucks in China

Men check their mobile phones outside a Luckin Coffee store in Beijing, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Jason Lee

Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world’s second-biggest economy, it said on Thursday.

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