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.
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?
Who is Luckin chairman Charles Lu, and why is he still running the show after the company admitted to major revenue fraud?
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.
Luckin Coffee is projected to have the largest coffee network in China by the end of 2019 at its current rate of growth.
After Luckin Coffee’s spectacular admission of fraud, more Chinese companies are finding themselves in the crosshairs of regulators and short sellers.
Chinese-style noodle chain restaurants first became tech investor darlings in 2021 when the industry faced tightened regulation.
If China’s coffee market continues to expand, there may be room for two, possibly even more, big coffee purveyors.
The celebrity CMO is absent from corporate filings and press conferences of the newly public company whose growth he’s credited with jump-starting.
Coffee unicorn’s US listing is a good time to check your FOMO and dig into the numbers