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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.

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.

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.

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.

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.

luckin coffee starbucks vending machine fraud privacy apps
Posted inOn the Cusp

Luckin names new chairman and CEO in power shakeup

by Emma Lee Jul 14, 2020Jul 14, 2020

Chinese beverage chain Luckin Coffee replaced founder and former chairman Charles Lu with its acting CEO, Guo Jinyi.

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.

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