You Searched For "luckin coffee stock" 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
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
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
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
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
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
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
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
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 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
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
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
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
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
3 mins read
US Senate passes bill to delist Alibaba, Baidu and other Chinese companies from US stock exchanges
The bill seeking to delist Chinese companies was introduced by John Kennedy, a Republican, and C…
1 min read
The SEC wants to kick 2,000 fraud-prone penny stocks from online brokerages, including retail favorites Sears and Blockbuster
Affected stocks include the shell companies liquidating bankrupt Sears and Blockbuster as well as L…
Ethan Wu
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
10 things you need to know before the opening bell
This is what traders are talking about.
Shalini Nagarajan
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
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 …