Luckin Coffee has more than 3000 stores across the country, and the speed of opening may be accelerated.

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Luckin Coffee has more than 3000 stores across the country, and the speed of opening may be accelerated.

Interestingly, this first concept store in the world, located in the center of Yuetan, Financial Street, is small in area and surrounded by pure office buildings, but there is a lucky pick-up shop less than 20 meters away. No wonder it was teased that the online battle between Starbucks and Luckin Coffee began head on.

Luckin Coffee, who was successfully listed in the United States in mid-May, has made a series of moves recently. Just announced in early July to enter the new tea market, launched more than a dozen Xiao Lu tea drinks, and signed artist Liu Haoran as a spokesman. The range of items in the store has also expanded from selling coffee to tea, desserts and light foods. Qian Zhiya, founder of Luckin Coffee and CEO, once said publicly that Luckin Coffee's corporate vision is to start with coffee and become a part of people's daily life. It seems that Luckin Coffee's ambition from coffee is not limited to coffee.

Luckin Coffee (luckin coffee) announced the official opening of its 3000 store in the West Plaza of Hangzhou East Railway Station, which will provide consumers with products and services such as master coffee, deer tea, freshly squeezed fruit and vegetable juice, and healthy light foods. This is also a further extension of Luckin Coffee's infinite scene brand strategy.

According to public data, Luckin Coffee was founded in May 2018. one year after its official business, Luckin Coffee was listed on the NASDAQ market in New York on May 17, 2019, setting the fastest record for a Chinese coffee brand to be listed on the US stock market since its inception, raising a total of US $695 million and a market capitalization of US $4.25 billion, making it the largest Asian company to raise funds on NASDAQ IPO this year.

In January 2019, Qian Zhiya, founder of Luckin Coffee, announced a "bold" goal: to reach 4500 stores by the end of 2019, surpassing Starbucks to become the number one chain coffee brand in the Chinese market. In addition, according to the plan, Luckin Coffee will build 10000 stores by the end of 2021. At present, Luckin Coffee has 3000 stores across the country, which is still some way from the target of 4500. Next, Luckin Coffee's task is arduous, and the speed of layout may continue to accelerate.

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