Lawyer of these Luckin investors said it is the first time investors have tried to hold a company accountable in China for fraud perpetrated on US markets.
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Posted inViews
INSIGHTS | What’s at stake in fight over delisting Chinese firms
Washington is threatening delisting for Chinese companies if they don’t comply with tighter audit rules. But there’s still room for a deal.
Posted inTurf Wars
Luckin launching juice business in China with European partner, LDC
The coffee upstart is expanding aggressively across product categories and markets.
Posted inTurf Wars
Luckin joins Starbucks in blurring boundaries between coffee and tea
Delivery giants Meituan and Ele.me stand to benefit from the coffee giants’ latest battle
Posted inTurf Wars
Luckin Coffee eyes markets in Middle East and India with Americana partnership
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
Posted inOn the Cusp
Starbucks rival Luckin Coffee files for US IPO
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
Posted inTurf Wars
Briefing: Luckin Coffee rumored to seek Hong Kong IPO
The company is currently worth $2.2 billion following a $200 million round of funding in December.
Posted inUp and Comers
Briefing: Luckin rival Coffee Box closes up to 40% of stores
Coffee Box seeks to regain profitability amidst heightened competition and a cooling capital market.
Posted inHeavy Hitters
Briefing: Luckin Coffee to expand to additional 18 tier-2 cities by April
Coffee competition expands to second-and third-tier cities in China.
Posted inUp and Comers
Coffee startup Luckin to extend discount drive despite losses
Subsidies play a key role in the coffee company’s plan to seize the Chinese market.
