You Searched For "luckin coffee" and got 20 results
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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
Feb 05 2021 14:17 IST
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
Jan 19 2022 19:57 IST
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
Apr 02 2020 13:51 IST
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
Apr 02 2020 14:32 IST
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
May 19 2020 19:45 IST
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
Nov 24 2023 11:53 IST
5 mins read
Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
Starbucks slumped in sales this last quarter. But the Chinese coffee brand, characterized by heavy …
Aditi Bharade
Nov 07 2024 06:14 IST
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
May 05 2023 12:29 IST
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
May 20 2020 14:45 IST
3 mins read
2 China start-ups challenging Starbucks and Twitch are about to IPO in the US, and they have a surprising amount in common
Luckin uses customer data to customize in-app menus and offer tailored discounts based on order his…
Theron Mohamed
Apr 23 2019 13:58 IST
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
Jun 04 2020 17:29 IST
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
Apr 29 2020 16:58 IST
5 mins read
China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.
China is Starbucks' second-biggest market but analysts question how well its format and prices work…
Grace Dean
Aug 23 2024 13:15 IST
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
Feb 21 2024 11:18 IST
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
Jul 20 2020 16:46 IST
2 mins read
Baidu considers delisting from Nasdaq to increase its valuation as pressure ramps up from Congress
Cofounder and CEO Robin Li told the China Daily on Thursday that the company is paying close attent…
Matthew Fox
May 21 2020 14:45 IST
2 mins read
Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.
Fraud allegations deepen crisis for Chinese real estate giant Evergrande, which is already in liqui…
Huileng Tan
Mar 19 2024 12:49 IST
2 mins read
Tiger Cubs were hit hard in March, with Tiger Global, Maverick, and Coatue all losing double-digits as the coronavirus tanked global markets
Stephen Mandel Jr.'s Lone Pine meanwhile lost tens of millions on an investment into Luckin Coffee,…
Bradley Saacks
Apr 06 2020 20:28 IST
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
Nov 23 2023 15:29 IST
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
Aug 22 2020 10:20 IST