Chinese coffee startup Luckin announced on WeChat platform that it will open stores in 18 more cities by the end of April. With stores in Changzhou, Foshan and Yangzhou already open, there are fifteen cities to open stores, most of which are tier 2 cities: Wenzhou, Jiaxing and Shaoxing in Zhejiang Province; Nantong and Zhenjiang in Jiangsu Province; Zhuhai and Zhongshan in Guangdong Province; Shenyang in Liaoning Province; Kunming in Yunnan Province; Hefei in Anhui Province; Quanzhou in Fujian Province, Guiyang in Guizhou Province, Nanchang in Jiangxi Province, Taiyuan in Shanxi Province and Shijiazhuang in Hebei Province.
The total number of cities with Luckin Coffees will add up to 40 when the expansion complete by the end of April.
Luckin’s WeChat official account says it has three strategic goal this year: First, open 2500 more stores across China and reach the total number of 4500. Second, being China’s biggest coffee chain brand with the biggest number of stores and cups of coffee in china. Third, providing high-quality, high price-performance ratio. Luckin official account also says the expansion is a significant procure to achieve the three goals.
Source: Luckin WeChat Article