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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 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 starbucks
Posted inOn the Cusp

Luckin apologizes to staff after month-long fraud tumult 

by Emma Lee May 13, 2020May 13, 2020

Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.

Luckin coffee offline store
Posted inViews

Luckin fraud admission leaves more questions than answers

by Michael Norris Apr 8, 2020Apr 9, 2020

‘If there’s anything to be learned about Luckin Coffee, it’s that there’s always more than meets the eye.’ Luckin skeptic Michael Norris has more questions.

Luckin Coffee fraud starbucks
Posted inOn the Cusp

Starbucks rival Luckin Coffee files for US IPO

by Emma Lee Apr 23, 2019Jun 8, 2020

The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.

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