luckin coffee

Starbucks rival Luckin Coffee’s scandal spreads through corporate China


The fallout from Luckin Coffee’s accounting scandal is spreading far beyond the high-flying Starbucks challenger, with renewed concerns about Chinese corporate governance dragging down stocks across industries and threatening to bring a halt to the country’s overseas initial public offerings. The Xiamen-based coffee chain said on Thursday that its chief operating officer and some underlings […]




luckin coffee

Luckin Coffee is a painful reminder of 'the extreme fraud risk' of some China-based companies

Accounting woes at Luckin Coffee led to a 75% decline in the Chinese company's stock on Thursday.




luckin coffee

Luckin Coffee investigated by top Chinese regulator

Concern in Beijing that accounting scandal could damage other overseas listings