July 11, 2018 / 3:05 AM / 10 days ago

China startup Luckin Coffee says raises $200 mln in fundraising round

BEIJING, July 11 (Reuters) - China’s Luckin Coffee said on Wednesday that it raised $200 million in a fundraising round that values the on-demand coffee delivery startup at $1 billion.

Investors in the fundraising round included Singapore sovereign wealth fund GIC, Luckin said in a statement.

Reporting by Pei Li, writing by Beijing Monitoring Desk; Editing by Sunil Nair

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