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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.

China tech
Posted inWith Chinese Characteristics

Lunar New Year special | 10 stories that shook China tech in 2021 – and will shape 2022

by Qin Chen Jan 31, 2022Jan 29, 2022

For many Chinese tech watchers, the year 2021 can be divided into two distinct periods: before and after Didi’s cybersecurity review. 

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.

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 falsified starbucks
Posted inHeavy Hitters

Luckin Coffee admits to sales fraud

by Emma Lee Apr 3, 2020May 2, 2020

Luckin confirms sales fraud, two months after doubts about the disclosure accuracy by the Chinese Starbucks rival.

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 starbucks fraud misconduct false sales
Posted inHeavy Hitters

Luckin faces effort to delist company from Nasdaq

by John Artman May 19, 2020May 19, 2020

Luckin may be kicked off Nasdaq over fraud admission as board seeks to rein in shady listings. Delisting would put Luckin in the company of penny stocks.

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