Luckin Coffee
瑞幸
Luckin Coffee is a Chinese coffee chain that gained prominence for its rapid expansion and digital-first approach. Per a 2019 analysis by FreeS Fund, it was notable for its "light-speed" IPO and for helping drive growth in China's freshly brewed coffee segment, which at the time still represented only 15–20% of the overall coffee market despite fast expansion . FreeS Fund's 2022 outlook also cited Luckin as a key example of an "incremental category" in Chinese consumption, noting that within just a few years, per capita annual coffee consumption in top-tier cities had already risen well above the roughly four cups seen nationwide in 2017 .
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