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China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc <LK.O> and sources said some of the banks involved in the Chinese chain's successful U.S. IPO ...
Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged ...
Some of Luckin’s stores are self-operated, while others are run by partners. Starbucks’ outlets in China are entirely company-owned. Globally, Starbucks is still by far the largest coffee ...
New details have emerged about an anonymous short seller report on Chinese coffee chain Luckin Coffee Inc, including the potential author and the methods used, The Wall Street Journal reported.The ...
Close observers of Chinese companies were able to see "from very early on" that Luckin Coffee was engaged in fraud, Anne Stevenson-Yang, research director at J Capital Research, told CNBC on ...
The disclosure of the fraud by Luckin Coffee (NASDAQ: LK) has shaken the faith of investors in Chinese companies listed on United States exchanges, Citron Research founder Andrew Left told the ...
Luckin, a major rival to Starbucks in China, revealed in April that much of its 2019 sales of about 2.2 billion yuan ($310.77 million) were fabricated by its COO and other employees, who had been ...
Luckin Coffee terminated its CEO & COO following an internal fraud probe of annual sales. Yahoo Finance's Ines Ferre discusses.