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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.

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.

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Latest stories

  • Tencent plans to sell $24 billion stake in Meituan: report Aug 17, 2022
  • SAIC, Alibaba-backed ride-hailer Xiangdao Chuxing secures $150 million in Series B Aug 16, 2022
  • Blizzard and NetEase’s Diablo Immortal hits $100 million in overseas revenue Aug 16, 2022
  • UNISOC to launch its second generation 5G chip as soon as 2022 H2 Aug 16, 2022
  • Li Auto losses increase sharply as revenue slumps in Q2 results Aug 16, 2022
  • Wuling launches an affordable electric car in Indonesia Aug 15, 2022

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  • The US barrs China from accessing advanced chipmaking EDA software
  • Blizzard and NetEase’s Diablo Immortal hits $100 million in overseas revenue
  • Wuling launches an affordable electric car in Indonesia
  • UNISOC to launch its second generation 5G chip as soon as 2022 H2
  • SILICON | Why is China investigating the state-backed semiconductor “Big Fund”?
  • Tencent Cloud powers Douyu-backed livestreaming platform Mildom in Japan

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