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
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
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
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 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
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
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
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
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
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
3 mins read
Tesla adds $13 billion in market value after first-quarter report reveals surprise profit
It's "startling" to see Tesla stock trade near pre-virus highs as the global economy tanks, JPMorga…
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
Tech-heavy Nasdaq 100 becomes first major US stock index to reach record highs after coronavirus plunge
eBay's 9.8% rally led the index higher, while lower-weighted United Airlines traded as much as 17% …
Ben Winck
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…
2 mins read
The world's richest investors want stocks to drop before buying back in, UBS poll reveals
Some 60% of respondents expect a recession within the next 12 months, though 70% are still optimist…
Ben Winck
3 mins read
Dow soars 530 points as coronavirus treatment optimism overshadows GDP slump
White House health adviser Dr. Anthony Fauci expressed optimism for Gilead's coronavirus drug, call…