Luckin Coffee(US:LKNCY) Xin Lang Cai Jing·2025-11-18 12:46Group 1 - Manner Coffee is considering an IPO in Hong Kong as early as 2026, with discussions still in the early stages [1][3] - The company aims to raise several hundred million dollars, with a potential valuation of up to $3 billion [3] - Manner Coffee was founded in 2015 in Shanghai and currently operates over 2,000 stores nationwide [3] Group 2 - Starbucks, a major competitor, opened its first store in China in 1999 and has become the fastest-growing market for the brand, with plans to expand from 8,000 to 20,000 stores [3] - Luckin Coffee, established in 2017, became the largest coffee chain in China with nearly 30,000 stores and over 400 million registered users [4] - Luckin Coffee is also pursuing a return to the US stock market but has no confirmed timeline for this process [4]