(photo credit: Bloomberg)

Back in 2018, Chinese Luckin coffee managed to attract a valuation of USD 1 Billion, despite being a young company founded not more than few months earlier. Its stock listing on NASDAQ a year later in 2019 had it valued at more than USD 12 Billion, again within a span of just a few months. This is the story of a Chinese coffee chain, which had challenged Starbucks head to head and had had its mission statement written as providing affordable premium coffee.

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escveritasBeverageConsumerFMCGblackrock,Coffee,GIC,Luckin,Singapore,Sovereign Wealth Fund(photo credit: Bloomberg) Back in 2018, Chinese Luckin coffee managed to attract a valuation of USD 1 Billion, despite being a young company founded not more than few months earlier. Its stock listing on NASDAQ a year later in 2019 had it valued at more than USD 12 Billion, again...