Exclusive: Chinese upstart Luckin Coffee seeks funds to double valuation to $2 billion - sources

Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, is targeting a valuation of $1.5 billion to $2 billion as it launches a new round of funding, people familiar with the matter told Reuters.

from Reuters: Business News https://ift.tt/2qvEmHN