Luckin Coffee Completes Series A Financing of US$200 Million Led by Centurium Capital

Beijing, July 11, 2018 – Luckin Coffee announced today that it has completed series A financing of US$200 million at post-money valuation of US$1 billion. The Investors include Centurium Capital, Joy Capital, Government of Singapore Investment Corp (GIC) and Legend Capital.

Luckin Coffee was launched in January 2018, and operates 525 outlets in 13 cities including Beijing, Shanghai, Guangzhou and Shenzhen at the end of May 2018. Through integrated online and offline new retail model, Luckin Coffee stays connected with our customers and engage them anytime, anywhere. Driven by technology, its new retail model is built upon its mobile apps and store network. The mobile apps cover the entire customer purchase process, offering our customers a 100% cashier-less environment. Luckin procures coffee machines and coffee condiments from renowned global suppliers such as Schaerer. We also partner with reputable suppliers for our other products such as juices and light meals.