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Luckin Coffee Shanghai
Posted inHeavy Hitters

The Big Sell | Luckin is not dead

by Emma Lee and Eliza Gkritsi Jun 21, 2021Jun 22, 2021

A year after getting kicked off Nasdaq, former unicorn Luckin Coffee is still delivering cheap coffee in China.

Luckin coffee offline store
Posted inHeavy Hitters

Luckin Coffee files for bankruptcy in the US

by Carolyn Surh Feb 6, 2021Feb 10, 2021

Leadership tumult at Luckin appears to be ongoing even as it moves forward with new business developments, including inviting franchise partners.

Luckin coffee fraud falsified starbucks
Posted inHeavy Hitters

Luckin agrees to $180 million fine for US fraud

by Emma Lee Dec 18, 2020Dec 18, 2020

Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges brought by the US market regulator.

Customers of Luckin Coffee wait in line to place their order at the counter in Pudong, Shanghai on April 4, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inOn the Cusp

INSIGHTS | Luckin—out of luck

by David Cohen and Emma Lee Apr 6, 2020Apr 27, 2020

The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?

pinduoduo e-commerce alibaba tech war iphone
Posted inHeavy Hitters

Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads

by Emma Lee Jan 20, 2021May 31, 2021

Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.

tiktok national security US app bans
Posted inHeavy Hitters

TikTok eyes social shopping, Luckin bankruptcy: Retailheads

by Emma Lee Feb 10, 2021Feb 10, 2021

TikTok is planning to roll out a livestream shopping feature, coffee chain Luckin filed for bankruptcy in the US, Vipshop.com is fined RMB 3 million.

Posted inHeavy Hitters

Luckin fires CEO and COO, chairman remains untouched

by John Artman May 12, 2020May 13, 2020

While the CEO and COO take the fall, Luckin non-executive chairman and driving force behind CAR Inc., Lu Zhengyao, remains unscathed.

Luckin coffee fraud falsified starbucks
Posted inHeavy Hitters

Luckin Coffee admits to sales fraud

by Emma Lee Apr 3, 2020May 2, 2020

Luckin confirms sales fraud, two months after doubts about the disclosure accuracy by the Chinese Starbucks rival.

luckin coffee starbucks fraud misconduct false sales
Posted inHeavy Hitters

Luckin faces effort to delist company from Nasdaq

by John Artman May 19, 2020May 19, 2020

Luckin may be kicked off Nasdaq over fraud admission as board seeks to rein in shady listings. Delisting would put Luckin in the company of penny stocks.

contactless delivery eleme ele.me alibaba on demand delivery driver
Posted inHeavy Hitters

Ele.me faces backlash, Luckin coup: Retailheads

by Emma Lee Jan 13, 2021May 31, 2021

Ele.me is criticized for its treatment of the family of a deliveryman who died on the job. The US may ban American investors from Alibaba and Tencent.

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