Luckin Coffee is a Chinese coffee chain founded in 2017 in Beijing by Jenny Qian Zhiya and Charles Zhengyao Lu, both former executives at Chinese ride-hailing company UCAR. The company pioneered a mobile-first, cashier-less coffee retail model where customers order and pay exclusively through a proprietary app for pickup or delivery, enabling rapid expansion via small-footprint stores. Luckin became the largest coffee chain in China by store count, overtaking Starbucks in 2023, and reported 31,048 stores and US$7.03 billion in net revenues for fiscal year 2025. After a major accounting fraud scandal in 2020 led to delisting from Nasdaq and a Chapter 15 bankruptcy, the company emerged restructured in 2022 under new leadership and majority owner Centurium Capital, and now trades on the OTC markets under ticker LKNCY while preparing a potential return to a major U.S. exchange.
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
4 rounds
Last Private Valuation
$5B
January 2020
Total raised $1.37B across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-19-2026
Latest Round
Type
Series B+
Date
April 2019
Amount
$150M
Valuation
$2.9B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 2020 | Post-IPO Equity & Convertible Notes | $821M (share placement + convertible bond) | — | |
| April 2019 | Series B+ | $150M | $2.9B | BlackRock |
| December 2018 | Series B | $200M | $2.2B | Centurium Capital, Joy Capital |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
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.
Jinyi Guo
Chairman and Chief Executive Officer
Anna Sainan Wu
Chief Financial Officer
Jenny Zhiya Qian
Co-founder (former CEO, ousted 2020)
Charles Zhengyao Lu
Co-founder (former Chairman, ousted 2020)
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 $5B. 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 4 disclosed funding rounds prior to its public listing.
Luckin Coffee was co-founded by Jenny Zhiya Qian, and Charles Zhengyao Lu in 2017.
Luckin Coffee is headquartered in Xiamen, Fujian, China.
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