(Reuters) - China's Luckin Coffee Inc (O:LK) reported a more than six-fold increase in quarterly revenue on Wednesday, as the Starbucks Corp (O:SBUX) rival rapidly opened stores and pulled in new customers.
Net loss attributable to the company's shareholders widened to 531.86 million yuan (£59.43 million) in the third quarter ended Sept. 30, from 484.93 million yuan a year earlier.
Total net revenue rose 540% to 1.54 billion yuan.