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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 ...
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 ...
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 Coffee, the Chinese chain that has been rebuilding its business since a fraud scandal four years ago, has reported a commanding sales lead over rival Starbucks in the important China market.
In December 2019, the Chinese coffee chain had 4500 stores scheduled to open by year-end, compared with Starbucks' 4300.Luckin Coffee said investigations had revealed fabricated numbers to the ...
Luckin Coffee Inc. (Chinese: 瑞幸咖啡; pinyin: Ruìxìng Kāfēi) is a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. It was founded in Beijing in 2017. As of March 2023 [update] , it managed 9,351 stores which include 6,310 self-operated stores and 3,041 partnership stores.
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 ...
Luckin Coffee agreed to pay US$180 million to settle allegations by the US Securities and Exchange Commission (SEC) that it had engaged in scam accounting to make its financial performance appear ...