Luckin Coffee opens over 3,000 new stores in buoyant third quarter

Whirlwind outlet growth in China yielded record quarterly revenues and offset rising costs for the Beijing-based coffee chain, which is exploring relisting opportunities in the US

Luckin Coffee accelerated outlet growth in the third quarter to surpass 29,000 stores globally, with robust expansion in China cited as the main contributor to 50% year-on-year revenue growth.