Customers shop at the Luckin coffee shop in Wuyouzhuxi ancient town in Yancheng city, East China's Jiangsu province, July 31, 2024. Recently, Luckin Coffee (OTC: LKNCY $Luckin Coffee (LKNCy.US)$) announced the second quarter of 2024 financial results as of June 30, the results show that Luckin Coffee's revenue in the second quarter of 2024 was about 8.403 billion yuan (about 1.156 billion US dollars), an increase of 35.5%, a new high in single quarter revenue; Net profit was 871 million yuan (about $120 million).
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