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luckin coffee starbucks vending machine fraud privacy apps
Posted inHeavy Hitters

Luckin CEO loses ‘significant’ voting rights after loan default

by Emma Lee Apr 7, 2020Apr 9, 2020

The default followed almost immediately after Luckin disclosed that its head of operations had fabricated billions of RMB worth of sales for most of 2019.

Luckin coffee fraud falsified starbucks
Posted inHeavy Hitters

Luckin shares dip further despite refuting fraud claims

by Emma Lee Feb 4, 2020Mar 17, 2020

Luckin responded Monday to fraud allegations from an anonymous report publicized by short seller Muddy Waters on Friday.

Luckin Coffee
Posted inWith Chinese Characteristics

Luckin is being sued by Chinese investors under brand new law

by Wei Sheng and Emma Lee Apr 23, 2020Apr 23, 2020

Lawyer of these Luckin investors said it is the first time investors have tried to hold a company accountable in China for fraud perpetrated on US markets.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin raises $865 million in post-IPO offering

by Emma Lee Jan 20, 2020Mar 16, 2020

Luckin looks to fund its aggressive growth tactics including a vending machine initiative, and expansion into other consumables and overseas markets.

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 offline store
Posted inViews

Luckin fraud admission leaves more questions than answers

by Michael Norris Apr 8, 2020Apr 9, 2020

‘If there’s anything to be learned about Luckin Coffee, it’s that there’s always more than meets the eye.’ Luckin skeptic Michael Norris has more questions.

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.

luckin coffee starbucks vending machine fraud privacy apps
Posted inUp and Comers

Luckin Coffee announces 2 new bids to raise cash

by Eliza Gkritsi Jan 8, 2020Mar 16, 2020

Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.

Posted inHeavy Hitters

Luckin Coffee to spin off tea brand

by Nicole Jao Sep 3, 2019Mar 17, 2020

Luckin Tea will launch a separate app and a mini-program focused on lower-tier cities.

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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