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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.

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.

Naixue's Tea
Posted inUp and Comers

Luckin tea rival brewing $400 million US IPO: report

by Emma Lee Feb 27, 2020Mar 17, 2020

Naixue’s Tea, one of China’s largest tea beverage chains, is reportedly looking to raise $400 million in a US IPO as early as this year.

luckin coffee starbucks vending machine fraud privacy apps
Posted inHeavy Hitters

Luckin may face shareholder fraud lawsuit

by Emma Lee Mar 6, 2020Mar 17, 2020

Luckin is being investigated in the US for defrauding investors amid pressing concerns to recoup a dropoff in sales as a result of Covid-19.

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  • SILICON | Why is China investigating the state-backed semiconductor “Big Fund”? Aug 12, 2022
  • SMIC generated $1.9 billion in revenue in 2022 Q2 Aug 12, 2022
  • Xiaomi launches a thinner foldable phone to compete with rivals Aug 12, 2022
  • Xiaomi to test self-driving vehicles in China: CEO Aug 12, 2022
  • Xpeng says more than 20,000 pre-orders received in 24 hours for its G9 SUV Aug 12, 2022
  • Dingdong Maicai reports adjusted net income for the first time in Q2 earnings Aug 12, 2022

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