Within a year of its founding, Luckin Coffee was valued at $1 billion and had opened 2,000 stores. "Starbucks Fights Hot Startup in China," at 5:30 ET March 13, incorrectly stated that the company had raised $1 billion and opened 2,000 stores since its founding. (April 23, 2019)

(END) Dow Jones Newswires

April 23, 2019 10:35 ET (14:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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