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Chinese Coffee Company Debuts Smart Vending And Coffee Machines

January 8, 2020: 12:00 AM EST
Beijing-based Luckin Coffee Inc. announced it has launched unmanned smart vending and coffee machines. The Luckin Pop vending machines will be placed in office buildings, bus terminals, airports, on college campuses, and at other locations. The smart vending machine and the Luckin Coffee Express machine are new channels in the "unmanned retail network" that Luckin is building. The company says the innovations eliminate payroll and rental costs, as well as other expenses. At the end of 2019, Luckin Coffee had 4,507 self-operated stores. Luckin stock has nearly doubled – up 96.3 percent – over the past three months. [Image Credit: © www.luckincoffee.com]
Tonya Garcia, "Luckin Coffee launches smart vending machines, Luckin Pop", MarketWatch, January 08, 2020, © Marketwatch, Inc
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