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December 12, 2018 11:30 am GMT

Starbucks challenger Luckin snags $200M investment on $2.2B valuation

Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a series B funding round. That came only five months after the coffee upstart, which soft-launched in January, picked up$200 millionin investment. Luckinhas been on a spending spree […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BqBVO0Kdw-I/

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