Luckin Coffee Inc. LKNCY

What this company does

Luckin Coffee provides freshly brewed coffee and tea drinks and other products to its customers through a technology-driven retail model. This retail model is built upon the company's mobile apps and store network. The company operates most of its stores on its own, primarily in two types, pick-up stores and relax stores, with pick-up stores accounting for 99.1% of its total self-operated stores. From a single trial store in Beijing, it expanded to a network of 31,048 stores as of December 31, 2025, consisting of 30,888 stores in China (including Hong Kong), 81 stores in Singapore, nine stores in the United States and 70 stores in Malaysia. The company had 451 million cumulative transacting customers and achieved a GMV of RMB56.6 billion in 2025. During that year, it launched over 90 new SKUs of freshly brewed drinks. Its coffee roasting facilities in Kunshan, Jiangsu and Pingnan, Fujian have commenced full-scale production. The company is incorporated under the laws of the Cayman Islands as an exempted company with limited liability.

Written from the business description in Luckin Coffee Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.