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Global Industry: Luckin Coffee reports Q2-2019 results

Bremerhaven. (bm) Luckin Coffee Inc., Chinese counterpart of Starbucks and a pioneer of a technology-driven new retail model «to provide coffee and other products of high quality, high affordability, and high convenience to customers», announced its unaudited financial results for the second quarter ended June 30, 2019. Net revenues from products increased over 698 percent year-over-year with 5.9 million new transacting customers acquired during the three months to 126.7 million USD. Other topics of the week: