A year after getting kicked off Nasdaq, former unicorn Luckin Coffee is still delivering cheap coffee in China.
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Posted inHeavy Hitters
China’s top regulators are investigating Luckin Coffee
The astounding fraud admission from beverage chain Luckin has put more US-listed Chinese companies in regulator and short-seller crosshairs.
Posted inHeavy Hitters
Luckin fires CEO and COO, chairman remains untouched
While the CEO and COO take the fall, Luckin non-executive chairman and driving force behind CAR Inc., Lu Zhengyao, remains unscathed.
Posted inOn the Cusp
Charles Lu: The man behind Luckin and China’s fastest IPOs
Who is Luckin chairman Charles Lu, and why is he still running the show after the company admitted to major revenue fraud?
Posted inWith Chinese Characteristics
Luckin might have its app removed from app stores
China’s regulators have been cracking down on companies like that violate personal privacy and over-collect consumers’ personal data.
Posted inThe Numbers
Beware ‘high-tech China hustle’: experts
Information asymmetries between tech-focused Chinese companies and US investors makes it easy for dishonest managers to lie to investors.
Posted inHeavy Hitters
Car Inc may soon exit the Charles Lu family
China’s Beijing Automotive Group (BAIC) is seeking to buy a stake of up to 21.26% in Car Inc, a Hong Kong-listed car rental company formed by Luckin Coffee chairman Charles Lu.
Posted inViews
Investors beware: there’s a new ‘China Hustle’
Luckin Coffee’s multi-billion-dollar collapse should alert investors to a “New China Hustle”—risks of falsified growth and management acting in bad faith.
Posted inViews
INSIGHTS | What’s at stake in fight over delisting Chinese firms
Washington is threatening delisting for Chinese companies if they don’t comply with tighter audit rules. But there’s still room for a deal.
Posted inHeavy Hitters
Luckin Coffee to spin off tea brand
Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.
