Luckin Coffee is a Chinese coffee chain founded in 2017 by Jenny Qian Zhiya and Charles Zhengyao Lu. Customers order and pay through its app for pickup or delivery, letting the company expand rapidly through small-footprint stores. Luckin overtook Starbucks as China's largest coffee chain by store count in 2023 and operated 36,310 stores worldwide at 30 June 2026, on second-quarter net revenues of RMB15.9 billion (US$2.34 billion). A 2020 accounting fraud led to a Nasdaq delisting and Chapter 15 restructuring; the company emerged in 2022 under majority owner Centurium Capital and trades OTC as LKNCY.
Luckin Coffee is publicly traded
IPO'd on May 17, 2019
This company is no longer available on our private secondary market. Shares can be traded publicly under LK.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
10,000+
Total Funding
$1.37B
6 rounds
Last Private Valuation
$2.9B
Apr 18, 2019
Luckin Coffee reappointed seven directors and Feng Liu stepped off the board to become an external strategic advisor; Hui Li chairs the nine-member board.
CEO Jinyi Guo was reappointed as a director for a further two-year term.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Rounds in grey italics are unconfirmed.
Total raised $1.37B across 6 rounds
Last updated 09-20-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Sep 10, 2026 | Secondary - Continuation Vehicle | ~$1.0B (secondary; no new capital to the company) | — | Mubadala Investment Company |
| Dec 1, 2021 | Senior Convertible Preferred Press release | $250M | — | Centurium Capital |
| Jan 2020 | Post-IPO Equity & Convertible Notes | $821M (share placement + convertible bond) | — |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series A
$1B
Jul 2018
Luckin Coffee today
$2.9B
Apr 2019 · latest mark
Luckin Coffee multiple
2.9x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Hui Li
Chairman of the Board
Jinyi Guo
Co-founder and Chief Executive Officer
Jing An
Chief Financial Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Starbucks China
U.S.-based global coffee chain and Luckin's primary competitor in China; surpassed by Luckin in China store count and revenue in 2023.
Cotti Coffee
Chinese low-price coffee chain founded in 2022 by ousted Luckin co-founders Charles Lu and Jenny Qian; direct value-segment rival.
Manner Coffee
Shanghai-based specialty coffee chain backed by Temasek and Meituan, competing in urban Chinese coffee retail.
Tim Hortons China
China JV of Canadian coffee brand Tim Hortons, operated by TH International (THCH); competes in the Chinese coffee market.
Mixue Bingcheng
Mass-market Chinese beverage chain (tea and coffee via Lucky Cup sub-brand) with one of the largest store networks in China.
HEYTEA
Chinese premium tea brand expanding into coffee and ready-to-drink beverages, competing in urban quick-service formats.
Yes, Luckin Coffee is publicly traded under the ticker symbol LK on the Nasdaq. The company went public in May 17, 2019.
Luckin Coffee trades under the ticker symbol LK on the Nasdaq. It began trading in May 17, 2019.
Luckin Coffee (LK on the Nasdaq) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker LK to place an order.
Luckin Coffee went public in May 17, 2019 via ipo, with an offering valuation of approximately $2.9B. Luckin Coffee IPO'd on Nasdaq on May 17, 2019 at $17/share, raising approximately $651 million at a ~$5B valuation. Following the April 2020 disclosure of fabricated revenue (~$310M), Nasdaq delisted Luckin in June 2020. The company filed Chapter 15 bankruptcy in New York in February 2021, settled with the SEC for $180M in December 2020, and emerged from Chapter 15 restructuring on April 11, 2022. Luckin's shares currently trade on the U.S. OTC markets under ticker LKNCY. In November 2025, CEO Jinyi Guo publicly stated the company is preparing a potential relisting on a major U.S. exchange, though no definitive timeline has been confirmed.
Luckin Coffee raised $1.37B across 6 disclosed funding rounds prior to its public listing.
Luckin Coffee was founded by Jinyi Guo in 2017.
Luckin Coffee is headquartered in Xiamen, Fujian, China.
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