China's Luckin Coffee ramps up expansion, launches equity deals worth $821m

China's Luckin Coffee ramps up expansion, launches equity deals worth $821m

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

Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country’s biggest coffee chain by number of stores.

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