Comparable sales in China declined 23%, reversing the rapid expansion there in recent years and overshadowing 12% growth in North America and 7% globally

The country's first Post Office Coffee, which was officially opened in Xiamen, is directly operated by the state-owned mail and logistics giant

The coffee chain missed estimates on adjusted earnings as wage and commodity inflation contributed to higher operating costs

Once touted as the biggest challenger to Starbucks’ dominance in China, Luckin was delisted from the Nasdaq exchange in June 2020

Prices range between 4 million and 5 million kyats ($2,250-2,800) per tonne, according to the deputy director of the coffee research centre

The capital raising makes Kopi Kenangan the first food and beverage unicorn in Southeast Asia, executives said

Goal is cooperation with well-known industry associations, enterprises and other organisations from both home and abroad