<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001701717</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Ordinary Shares, par value US$0.000002 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/02/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001767582</issuerCik>
        <issuerName>Luckin Coffee Inc.</issuerName>
        <issuerCusip>54951L109</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>28TH FLOOR, BUILDING T3</com:street1>
          <com:street2>HAIXI JINGU PLAZA 1-3 TAIBEI ROAD</com:street2>
          <com:city>XIAMEN, FUJIAN</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>361008</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>First Beijing Investment Ltd</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>107699376.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>107699376.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>107699376.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>5.1</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>Exempt Reporting Advisor</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Luckin Coffee Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>28TH FLOOR, BUILDING T3, HAIXI JINGU PLAZA 1-3 TAIBEI ROAD, XIAMEN, FUJIAN, CHINA, 361008</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>First Beijing Investment Limited</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>16th Floor, On Building, 162 Queens Road, Central, Hong Kong</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Hong Kong</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>These 107,699,376 Class A ordinary shares represent 13,462,422.00 ADSs (each representing 8 Class A ordinary shares) of the Issuer. There is no CUSIP number assigned to the ordinary shares. CUSIP number 54951L109 has been assigned to the American Depositary Shares ("ADS") of the Issuer, each ADS representing eight Class A ordinary shares, which are quoted on the OTC market under the symbol "LKNCY".</amountBeneficiallyOwned>
        <classPercent>5.07%. The ownership is calculated based on 2,124,695,348 Class A Ordinary Shares of the Issuer outstanding as of December 31, 2024, according to the Form 20-F filed by the Issuer with the Securities and Exchange Commission (the "SEC") on March 31, 2025.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>107,699,376. Same as Item 4.(a)</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>107,699,376. Same as Item 4.(a)</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>First Beijing Investment Ltd</reportingPersonName>
      <signatureDetails>
        <signature>LI JINGWEI</signature>
        <title>DIRECTOR</title>
        <date>03/04/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
