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Latest news and trends about tech in China

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luckin coffee starbucks fraud misconduct false sales
Posted inOn the Cusp

Luckin shares plunge 12% on second delisting warning

by Emma Lee Jun 24, 2020Jun 24, 2020

Embattled coffee chain Luckin disclosed that it had received a second delisting notice from Nasdaq, less than a month after the first.

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.

Lu zhengyao Luckin charles chairman founder
Posted inOn the Cusp

Charles Lu is out at Luckin, but his influence may linger

by Emma Lee Jul 6, 2020Jul 7, 2020

The CEO, COO, and many other employees of China coffee chain Luckin Coffee have been fired after the company admitted to accounting fraud in April.

Lu zhengyao Luckin charles chairman founder
Posted inOn the Cusp

Luckin’s Charles Lu survives first round of ouster

by Emma Lee Jul 3, 2020Jul 3, 2020

Charles Lu may still face a shareholder vote on to remove him as a director during an extraordinary general meeting to be held on Sunday.

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Latest stories

  • China’s Sichuan to cut power use to deal with heatwaves, hitting electronics factories Aug 17, 2022
  • Tencent Music Entertainment Group revenue decreased 13.8% Aug 17, 2022
  • Battery maker Sunwoda reportedly raises $1.2 billion in funding Aug 17, 2022
  • Xpeng Motors plans new ultra-fast 800-volt charging network Aug 17, 2022
  • 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

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  • SAIC, Alibaba-backed ride-hailer Xiangdao Chuxing secures $150 million in Series B
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