You Searched For "Luckin Coffee" and got 20 results
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2 mins read
Luckin Coffee is reportedly planning a return to the US stock market after the Chinese chain delisted following a $300 million accounting fraud
Because Luckin continued to report earnings as its traded over the counter, a relisting on the Nasd…
Matthew Fox
2 mins read
Starbucks launched a pork-flavored coffee in China. It costs $10 and is dividing people.
The beverage, whose name translates into "Abundant Year Savory Latte," is pictured with a slice of …
Huileng Tan
3 mins read
A Reddit trader claims they lost their entire life savings when Luckin Coffee's stock tanked
"I didn't know they could cheat on balance sheet ... and that a company can just fail in 3 months,"…
Ben Winck
1 min read
Luckin Coffee craters 45% after month-long trading halt as traders sell ahead of stock delisting
Luckin stock was originally halted on April 7 after it was revealed that company employees fabricat…
Matthew Fox
2 mins read
The Nasdaq exchange aims to delist Luckin Coffee after employees falsified $310 million in sales
Nasdaq cited "public interest concerns" surrounding the cooked books for its move, as well as past …
Ben Winck
2 mins read
The SEC is reportedly investigating Luckin Coffee after discovery that employees fabricated $310 million in sales
The SEC may face hurdles from Chinese regulators, as the country recently implemented new laws that…
Ben Winck
2 mins read
Luckin Coffee, a Chinese Starbucks competitor, files for US bankruptcy protection, as it attempts to recover from a $180 million fraudulent-accounting fine
Starbucks challenger Luckin Coffee on Friday filed for US bankruptcy protection, as it recovers fro…
Kevin Shalvey
2 mins read
Legendary short seller Jim Chanos is closing his hedge funds. Here are 4 of his most famous bets over the years.
"It is no secret that the long/short equity business model has come under pressure and interest in …
Filip De Mott
4 mins read
An afternoon at the popular Chinese coffee chain that should be making Starbucks very, very nervous
Most of the customers I spoke to said it wasn't the taste that drew them, but rather, the aggressiv…
Kai Xiang Teo
2 mins read
Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales
A special committee discovered Jian Liu and employees reporting to him falsified sales adding up to…
Ben Winck
5 mins read
A retired banker in Singapore was looking for his next venture. He found it by reviving a dying trade: traditional coffee shops.
Today, Killiney Kopitiam is one of Singapore's most successful coffeechains. Woon Tek Seng told BI …
Marielle Descalsota
1 min read
Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant's COO fabricated orders
"The Special Committee recommended certain interim remedial measures, including the suspension of M…
Kate Taylor
2 mins read
A mega coffee chain is punishing staff for getting drink orders wrong by making them copy down lines of customer complaints: report
Luckin Coffee — the Starbucks of China — made an employee write "I said I wanted a hot…
Huileng Tan
1 min read
Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion
Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…
Matthew Fox
2 mins read
Credit Suisse fired a banker who forged a wealth-management client's documents and cost the firm $11 million, a new report says
The case follows other high-profile controversies involving the bank, including its 2019 spying sca…
Ben Winck
3 mins read
A famed short-seller explains why he's betting big against a Chinese tech stock that has seen a 'crazy stupid' 320% gain in 2020
"If you believe their financials, then you believe that they've created probably the greatest compa…
Saloni Sardana
2 mins read
The Netflix of China tanks 18% after US regulators launch probe on short-seller fraud allegations
The SEC probe comes after a report from short-seller firm Wolfpack Research alleged that the compan…
Carmen Reinicke
2 mins read
Jack Ma's fintech Ant Group is planning a massive dual-listing IPO in Shanghai and Hong Kong, skipping New York
One beneficiary of the Ant IPO? Jack Ma's Alibaba, which acquired a 33% stake in the fintech compan…
Matthew Fox
2 mins read
The Netflix of China skyrockets 38% after Tencent eyes potential investment, report says
A deal between Tencent and iQIYI would combine two streaming video giants that each had more than 1…
Matthew Fox
2 mins read
SEC doles out record $50 million to whistleblower, pushing program total above $500 million
The previous record for a one-person payout was a $39 million award in 2018. The same year saw two …