Luckin Coffee launched towards the end of 2017 and was taken to an IPO 17 months later with a valuation of $4.2 billion. Not bad for a brand whose name was chosen at random by a lawyer in a rush to register a company born not out of a love of coffee but...
Why Luckin Coffee focuses on ‘user marketing’
Luckin Coffee, a Chinese coffee firm, uses its customers data to cut costs, improve quality, and to inform marketing to focus on a convenience-focussed young urban audience.
