Luckin Coffee reports surge in quarterly revenue

(Reuters) - China's Luckin Coffee Inc <LK.O> reported a more than six-fold increase in quarterly revenue on Wednesday, as the Starbucks Corp <SBUX.O> 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.

(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)