Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

Jan. 8, 2020, 10:02 a.m. EST

Luckin Coffee launches smart vending machines, Luckin Pop

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

SPX

Beijing-based Luckin Coffee Inc. announced the launch of Luckin Pop, a smart vending machine, and Luckin Coffee Express, a smart coffee machine, early Wednesday at a press conference. Luckin Pop will be in office buildings, bus terminals, airports and on college campuses and other locations. These two new channels are part of the "unmanned retail network" that Luckin is building, which does away with payroll and rental costs, as well as other expenses, the company said. At the end of 2019, Luckin Coffee had 4,507 self-operated stores. Luckin stock is up 3.6% in Wednesday trading, and has nearly doubled, up 96.3% over the past three months. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.06% is up 12.2% over the last three months.

/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
loading...

Get news alerts on S&P 500 Index — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.