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Luckin of noodles? Qu Xiaomian Chongqing noodle restaurant
Posted inViews

Luckin founder’s new noodle shop is no Luckin

by David Cohen Aug 12, 2021Aug 12, 2021

We tried Qu Xiaomian, the new noodle chain from the founder of Luckin. It looks to us like it’s just another noodle shop in a crowded market.

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.

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.

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 inOn the Cusp

Luckin updates 2019 financials in first filing since it admitted fraud

by Emma Lee Jul 1, 2021Jul 1, 2021

The financial update indicates Luckin Coffee is taking the first step back to normalcy as it prepares for a comeback.

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?

Luckin coffee fraud falsified starbucks
Posted inOn the Cusp

Luckin and affiliates fined $9 million, more penalties may come

by Emma Lee Sep 23, 2020Sep 23, 2020

Luckin and its partners may receive more fines amid continuing investigations by regulators and investors at home and abroad.

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.

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