ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Starbucks' China challenger Luckin surges in upsized US listing

Investors overlook cash burn to focus on growth outlook

Luckin Coffee has expanded rapidly across urban China, relying on discounts and rapid delivery to grab customers from Starbucks.    © Kyodo

NEW YORK -- Coffee chain Luckin opened its first day of public trading Friday nearly 50% higher on the Nasdaq after an upsized initial public offering raised $561 million, reflecting a bullish outlook on Starbucks' China challenger.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more