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"How long can your lucky coffee discount last?" How long can Ruixing Coffee drink after bankruptcy?

Published: 2026-04-23 Author: World Gafei

Last Updated: 2026/04/23, Even if it is delisted, Lucky Coffee will still be on the hot search list from time to time. Yesterday, Ruixing Coffee announced on the company's official website that it had formally filed for bankruptcy protection, and then the stock price plummeted again. There has been a recent infighting, and now filing for bankruptcy protection raises concerns: How long will Ruixing Coffee's discount last? Will Lucky survive? And yesterday, Lucky Coffee.

Even if he is delisted, Luckin Coffee will still be on the hot search list from time to time.

Yesterday, Luckin Coffee announced a formal application for bankruptcy protection on the company's official website, and then the stock price plummeted again.

There was an infighting not long ago, and now we are applying for bankruptcy protection. It is unavoidably worrying:

How long will Luckin Coffee's discount last? Will Lucky survive?

Yesterday, Luckin Coffee and the provisional liquidators filed for bankruptcy protection. According to a report in the financial magazine, Chapter 15 of the US bankruptcy Code is a procedural provision that allows foreign liquidators to contact US courts, which helps liquidators collect assets liquidated in the United States.

Then, at about 05:30 on February 5, Luckin Coffee said to the public that filing for bankruptcy protection is good news and represents a further step in its chance of rebirth. At the same time, Luckin Coffee also said that the bankruptcy filing will not have a significant impact on the company's day-to-day operations. All stores will keep normal business and will continue to pay suppliers and employees.

It is worth noting that according to Luckin Coffee's announcement on SEC, the application for bankruptcy protection was not filed by Ruixing Company, but by Luckin Coffee's joint provisional liquidator appointed by the Grand Court of the Cayman Islands in accordance with the provisions of Chapter 15 (Chapter 15) of the United States bankruptcy Law, because Ruixing is a company registered in the Cayman Islands. The Cayman court has the final say in Ruixing's liquidation and reorganization plan.

If this request is approved, it means that all Luckin Coffee's lawsuits in China will be suspended.

However, as Luckin Coffee said, applying for bankruptcy protection is actually a rebirth. Ruixing said that negotiations are under way with its stakeholders on the company's financial debt restructuring, but legal disputes over investors' losses caused by fraud may continue. In addition, the disunity of Luckin Coffee's management may also affect the process and effect of the reorganization.

According to upstream news, there are two types of bankruptcy applications in the United States, one is liquidation bankruptcy applications, and the other is restructuring bankruptcy applications.

In the case of liquidation bankruptcy application, the company is no longer operating, and the direct liquidation property is distributed to creditors in order; while the reorganization bankruptcy application means that creditors can no longer recover compensation from them before a new reorganization plan is reached, so as to win a respite for themselves.

Hao Junbo, a lawyer for safeguarding US stocks and director of Beijing Hao Junbo Law firm, pointed out: the bankruptcy application filed by Luckin Coffee is a reorganization bankruptcy application, and if it is managed properly in the future, Luckin Coffee can reach a settlement with creditors in accordance with the reorganization compensation plan.

In addition, Luckin Coffee said: considering that Luckin Coffee may not be able to raise funds in the next two or three years, he is currently "trying" to protect cash flow, and the speed of opening new stores has slowed down. as of November 30, 2020, the number of Luckin Coffee stores has decreased from 4507 to 3898. The number of stores of Little Deer Tea has also been greatly reduced, but at present all Luckin Coffee stores are still in normal business.

Judging from the current situation of Luckin Coffee, Luckin Coffee, who applied for bankruptcy protection, is still safe for the time being, and everyone can continue to buy a cup of lucky luck.

* Photo Source: Luckin Coffee official website

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