Locked In Overheated Battle With Its Clone At Home, Luckin Eyes Expansion In U.S.
Key Takeaways:
Luckin Coffee plans to expand to the U.S. and other markets following its first offshore move into Singapore, as competition remains stiff and demand weakens at home
The budget coffee chain’s quarterly revenue exceeded 10 billion yuan for the first time in the three months to September, up 41% year-on-year
