The coffee company trying to topple Starbucks in China is planning to storm other big markets.
China's Starbucks has arrived on Wall Street. Luckin Coffee begin trading on Friday and provided an immediate caffeine jolt to the market. The stock surged nearly 50% to $25 a share before pulling back. Shares closed up about 20%.
After barely a year in business, Luckin Coffee is challenging Starbucks in one of the US coffee giant's top markets.
Starbucks wants customers in China to get their coffee anytime, anywhere.