Luckin Coffee? Never heard of them. Have to lose big money to get big money I guess. Hoping to sell 500 plus million bucks worth of IPO in USA, losing over 130 mil in China . ? This new math is weird huh?
Get backers to back your biz. open up 2300 plus stores to compete with Starbucks 3700 stores in China. Lose big bucks while doing so but you are attractive to investors? Huh?
Amazon made loses for years too but had big backers who believed in them and now they are the biggest company in the world bigger than Apple.