China’s Luckin posts big quarterly loss, costs to overtake Starbucks weigh – Reuters

BEIJING (Reuters) – Luckin Coffee Inc (LK.O) posted a bigger-than-expected quarterly loss in its first results as a public company, hurt by soaring costs as it opened stores at a rapid clip and invested aggressively to take on Starbucks Corp (SBUX.O).
Lucki… [+2685 travala review]

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