Luckin Coffee has secured $200m through a funding round led by GIC and China International Capital Corp.

Luckin Coffee is a Chinese coffee chain with more than 1,700 stores in 21 major cities. It takes orders from customers at its stores through an app.

The round has also involved participation from Joy Capital and Dazheng Capital.

The firm intends to use the funds to compete with Starbucks in China.

Luckin previously raised $200m in July 2018, bringing the company’s valuation to $1bn. The latest funding round has increased its valuation to $2.2bn.

Wine Australia has entered a four-year agreement with the University of Adelaide for stimulating strategic research and development (R&D) in the wine industry.

The agreement involves A$4.1m ($2.9m) cash funding from Wine Australia and A$885,000 ($636,722) from the University of Adelaide.

It will fortify the country’s technical capabilities and allow the educational institution to take long-term wine research and development (R&D) initiatives.

The University of Adelaide will provide tools for understanding the relationship between canopy architecture and fruit and wine quality.

The research will offer tools for scheduling irrigation and provide knowledge on the causes and impact of berry cell death in wine grapes.

Constellation Brands Ventures (CBV) intends to invest $100m in women-led alcoholic beverage start-ups.

“Kellogg’s and Seven Bro7hers have agreed to make beer using rejected corn flakes that would otherwise go to waste.”

CBV’s new Focus on Female Founders programme enables it to support women entrepreneurs. It has completed first of its investments in co-operation with Austin Cocktails and Vivify Beverages.

The programme will run until 2028 and allow CBV to access growth opportunities in the alcoholic beverage segment.

Founded in 1945, CBV is a beer, wine and spirits producer and distributor based in the US. Its brands include Corona Extra, Modelo Especial, Ballast Point, Robert Mondavi, Kim Crawford and Ruffino.

Celsius Holdings has signed a distribution agreement with the Anheuser-Busch and PepsiCo networks.

Established in 2004, Celsius Holdings is a maker of fitness drink CELSIUS.

Celsius has entered distribution agreements with Anheuser-Busch’s Great Bay Distributors, Double Eagle Distributing and Ed F Davis, as well as PepsiCo’s Bernicks.

The transaction enables Celsius to expand its product presence across the US.

Celsius has recently added five other distribution partners and also intends to add other network partners.

Kellogg’s and Seven Bro7hers have agreed to make beer using rejected corn flakes that would otherwise go to waste.

The new plan is designed to address Kellogg’s food wastage issue.

The beer’s production was carried out at Seven Bro7hers’ Salford brewery with 60kg of Kellogg’s Corn Flakes. It will be sold in pubs or bars stocking Seven Bro7hers in the UK.