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IDG’s Luckin gamble, and how the cautious giant learned to take risks
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IDG’s Luckin gamble, and how the cautious giant learned to take risks
On November 17, Luckin Coffee released its third-quarter 2025 earnings before the US market opened. The company reported total Q3 revenue of RMB 15.3 billion (USD 2.1 billion), up 50.2% year-on-year. Net profit reached RMB 1.28 billion (USD 179.2 million), marking a return to profitability. By market close that day, Luckin’s shares traded over-the-counter at USD 40, up 2,497.4% from USD 1.54 when it first landed on the pink sheets in 2020. This …
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