Episode 17: Luckin Coffee’s Bitter Brew
Luckin Coffee’s Bitter Brew
The Great Fail · Debra Chen
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Show Notes
Heralded as the “Starbucks of China,” Luckin Coffee burst onto the scene in 2018 when it opened its first location in Beijing. The Company achieved unicorn status within a year and soon became a Wall Street darling, doubling its valuation to $12 billion just 8 months after it’s IPO. The Company had been growing at a blinding pace and had just become the largest coffee chain in China when the empire began to topple…To hear the full story tune in to Episode 17 on The Great Fail.
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