The cost of paying five insurances is high. According to official website's inquiry, Luckin Coffee, the cost of paying five insurances is relatively high, and the outsourcing companies are all private bosses, unwilling to bear better labor costs, so they only pay the compulsory three insurances, but there is no five insurances. Luckin Coffee is a new coffee retail brand founded by Lu (Chairman of CAR Inc), (Chairman of Dacheng Capital) and (Founding and Managing Partner of Joy Capital) on 20 17. The company is headquartered in T3 Building, Haixi Jingu Plaza, No.3 Taipei Road 1-3, Xiamen, Fujian Province. The current chairman and CEO of Ruixing is Guo Jinyi.