BEIJING/HONG KONG: Luckin Coffee's app has rocketed to become the second most popular in China as consumers rushed to claim a free drink that it has long offered for downloading, worried the chain might collapse after it said much of its sales last year were fabricated.
The coffee chain's app usually ranks between the 70th and 100th most popular free app downloads for users of Apple's iOS operating system in China, according to app performance tracker App Annie. Apple's App Store is one of the biggest in China. The Starbucks Corp rival only went public last year, positioning itself as a tech version of a retail business, where users ordered coffee via its app for delivery to their offices and homes.It has relied heavily on discounted sales to drive its fast growth and capture market share. The loss-making company began operations in January 2018 and by December 2019, had over 4,500 stores - overtaking Starbucks, with 4,100, in the process.
huh? trying to make up for fraud sales?
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