Luckin Coffee China’s Starbucks Comes to Singapore in 2023 Ngee Ann City Takashimaya!
https://www.straitstimes.com/life/food/china-s-luckin-coffee-makes-singapore-debut-at-marina-square-ngee-ann-city
SINGAPORE – China’s giant coffee chain Luckin Coffee makes its debut in Singapore with a double shot: Two stores – at Marina Square and Ngee Ann City – opened on Friday, with more in the works.
Singapore is the first market in its overseas expansion.
Nicknamed the Starbucks of China, the brand has more than 8,000 stores in its home country.
Luckin Coffee sets itself as a disruptor with its use of big data, as well as mobile ordering and cashless payment via its mobile app, says the brand’s spokesman.
This eliminates the need to queue if orders are placed in advance.
The menu here will showcase the brand’s best-selling Coconut Latte ($6.40), Velvet Latte (which uses Hokkaido milk, $6.40) and Creamy Dreamy Latte ($6.40), which is a creamier latte.
https://www.cnbc.com/2020/12/17/chinas-luckin-coffee-to-pay-180-million-penalty-to-settle-fraud-case.html
There was some scandal in 2020. Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges for “intentionally and materially” overstating its 2019 revenue and understating a net loss, U.S. regulators said on Wednesday.
The U.S. Securities and Commission (SEC) fine on the China-based rival to Starbucks
comes after it said earlier this year that much of its 2019 sales were fabricated, sending its shares plunging and sparking an investigation by China’s securities regulator and the SEC.
Have you ever tried Luckin Coffee in China? Leave a comment below!