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Piping hot debut for China's Luckin Coffee

Friday, May 17, 2019 - 01:03

The Starbucks challenger, Luckin Coffee, saw its shares surge 47 percent on its market debut on the Nasdaq Friday. But as Fred Katayama reports, the fast growing coffee chain warns it may keep losing money in the foreseeable future.

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The Starbucks challenger, Luckin Coffee, saw its shares surge 47 percent on its market debut on the Nasdaq Friday. But as Fred Katayama reports, the fast growing coffee chain warns it may keep losing money in the foreseeable future.

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Piping hot debut for China's Luckin Coffee

Friday, May 17, 2019 - 01:03