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It sources its Arabica coffee beans from various suppliers and engage World Barista Champion teams to design its coffee recipes. The company also has partnered with suppliers for other products such as LKNCY juices and light meals. The company operates pick-up stores, relax stores and delivery kitchens under the Luckin brand as well as Luckin mobile app, Weixin mini-program and other third-party platforms.
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This program is subject to Terms and Conditions. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Every week LKNCY releases a new store opening update via its webchat official channel which includes the number and location of the new stores opened during that week. We aggregated all 1Q 2022 weekly new store opening data and then grouped them by province on a map of China .
The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China. LKNCY’s store unit sequential growth is 10% and if we Forex news assume that average monthly transacting customers growth is 10%, the same as the 4Q 2021 level, the total revenue could be up 21% sequentially from year-end 2021.
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