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It would use RMB 1.8 billion from the first batch of the bonds to repay old debt.
A slew of insights on China’s coffee sector
The company just incorporated ”Luckin Bakery” with USD 29 million
The move comes just after competitor Bianlifeng upped its registered capital.
With more capital, the company can attract new investors or take on loans
Small shops have a new channel to reach more than 100 million potential customers.
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