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luckin coffee starbucks fraud misconduct false sales
Posted inOn the Cusp

Luckin reports doubled revenue in first half of 2021

by Emma Lee Oct 22, 2021Oct 22, 2021

Chinese beverage chain Luckin Coffee released its unaudited financial report for the first half of 2021, posting doubled revenue.

Posted inUp and Comers

​​Luckin Coffee reaches $187.5 million settlement deal with investors

by Emma Lee Sep 22, 2021Sep 22, 2021

Luckin Coffee is striving for a business turnaround and repairing its image after the April 2020 fraud scandal. 

Luckin coffee fraud falsified starbucks
Posted inHeavy Hitters

Luckin shares dip further despite refuting fraud claims

by Emma Lee Feb 4, 2020Mar 17, 2020

Luckin responded Monday to fraud allegations from an anonymous report publicized by short seller Muddy Waters on Friday.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin raises $865 million in post-IPO offering

by Emma Lee Jan 20, 2020Mar 16, 2020

Luckin looks to fund its aggressive growth tactics including a vending machine initiative, and expansion into other consumables and overseas markets.

Naixue's Tea
Posted inUp and Comers

Luckin tea rival brewing $400 million US IPO: report

by Emma Lee Feb 27, 2020Mar 17, 2020

Naixue’s Tea, one of China’s largest tea beverage chains, is reportedly looking to raise $400 million in a US IPO as early as this year.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin Coffee announces 2 new bids to raise cash

by Eliza Gkritsi Jan 8, 2020Mar 16, 2020

Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin Coffee shares jump 13% on narrowed Q3 losses, revenue beat

by Emma Lee Nov 14, 2019Mar 17, 2020

The results reflect an improved cost control strategy.

Luckni Coffee China offline-to-online e-commerce Starbucks tech app
Posted inHeavy Hitters

Luckin Coffee testing self-service coffee machines

by Emma Lee Jun 14, 2019Mar 17, 2020

Users can locate the nearest coffee machine and place an order through the Luckin app.

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 inHeavy Hitters

Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures

by Jill Shen May 8, 2019Jun 8, 2020

The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.

alibaba tmall e-commerce antitrust regulation pinduoduo
Posted inUp and Comers

Alibaba ups logistics stake, coffee war, livestream apps battle for shoppers: Retailheads

by Emma Lee Sep 9, 2020Sep 29, 2020

Alibaba raises its bet in the logistics industry, China’s coffee war continues to brew, Bytedance adds a crucial piece to its e-commerce puzzle.

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