Chinese beverage chain Luckin Coffee released its unaudited financial report for the first half of 2021, posting doubled revenue.
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Posted inUp and Comers
Luckin Coffee reaches $187.5 million settlement deal with investors
Luckin Coffee is striving for a business turnaround and repairing its image after the April 2020 fraud scandal.
Posted inOn the Cusp
Luckin updates 2019 financials in first filing since it admitted fraud
The financial update indicates Luckin Coffee is taking the first step back to normalcy as it prepares for a comeback.
Posted inHeavy Hitters
Luckin Coffee files for bankruptcy in the US
Leadership tumult at Luckin appears to be ongoing even as it moves forward with new business developments, including inviting franchise partners.
Posted inHeavy Hitters
TikTok eyes social shopping, Luckin bankruptcy: Retailheads
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 inOn the Cusp
Luckin names new chairman and CEO in power shakeup
Chinese beverage chain Luckin Coffee replaced founder and former chairman Charles Lu with its acting CEO, Guo Jinyi.
Posted inOn the Cusp
Luckin’s Charles Lu survives first round of ouster
Charles Lu may still face a shareholder vote on to remove him as a director during an extraordinary general meeting to be held on Sunday.
Posted inOn the Cusp
Luckin shares plunge 12% on second delisting warning
Embattled coffee chain Luckin disclosed that it had received a second delisting notice from Nasdaq, less than a month after the first.
Posted inHeavy Hitters
Luckin faces effort to delist company from Nasdaq
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.
Posted inHeavy Hitters
Luckin Coffee admits to sales fraud
Luckin confirms sales fraud, two months after doubts about the disclosure accuracy by the Chinese Starbucks rival.
