Luckin Coffee currently operates 2,370 stores across China and plans to open 2,500 more this year, with the goal of displacing Starbucks as China's largest coffee chain. The company, founded in 2017, plans to use the initial public offering proceeds primarily for store network expansion, customer acquisition, marketing, and research and development.
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Luckin Coffee currently operates 2,370 stores across China and plans to open 2,500 more this year, with the goal of displacing Starbucks as China's largest coffee chain. The company, founded in 2017, plans to use the initial public offering proceeds primarily for store network expansion, customer acquisition, marketing, and research and development.