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Luckin Nasdaq filing reveals ambitions, and losses

China's challenger to Starbucks lost $82m in first three months of 2019

Luckin Coffee's new store in northeast China's city of Shenyang. The company has opened stores in prime locations across China. (Photo by Shin Watanabe)

SHANGHAI/NEW YORK -- China’s cafe chain Luckin Coffee is beginning to see its losses balloon during its meteoric rise in popularity as it prepares to go public in the U.S. Nasdaq market.

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