Is Kudi Coffee owned by Ruixing?

no.

"Kudi Coffee" is a brand of Kudi Coffee (Tianjin) Co., Ltd., which was founded by Lu Zhengyao, the founder of Luckin Coffee, and Ms. Qian Zhiya, the co-founder and former CEO, together with the core team of Ruixingyuan, with a registered capital of 2 million US dollars. The core management team comes from large new economic enterprises such as Luckin Coffee, CAR Inc. and Shenzhou Special Vehicle.

COTTI COFFEE, founded in 222, is headquartered in Beijing, with its operation center in Tianjin, product research and development bases in Tianjin, Shenzhen, Changsha, Chengdu, Xiamen and Shanghai, and branches in major provinces in China.

brand development

In August 222, the brand COTTI COFFEE (CT for short) was launched, and the slogan EVERY DAY@COTTI was put forward, hoping to realize the equal rights of Chinese coffee and realize their coffee dreams. For this reason, Ms. Qian Zhiya specially named herself "Coffee Dreamer:" and launched the "Coffee Dreamer Project".

On October 22nd, 222, Lu Zhengyao and Qian Zhiya officially announced that the first store of COTTI COFFEE landed in Fuzhou IFC in the circle of friends, and at the same time announced that they would become sponsors of the Argentine team in China. On November 14th, 222, COTTI COFFEE and Chengdu Marathon Organizing Committee jointly announced in Chengdu that Cotti Coffee was officially named Chengdu Marathon in 222.

On February 6th, 223, COTTI COFFEE announced the opening of the "Hundred Cities and Thousand Stores Coffee Carnival". The event lasts from February 6th to March 31st. According to statistics, including the stores opened during the event, the participating stores in this event will cover 181 cities above the prefecture level, with a total of about 1,3 stores.