Luckin Coffee


Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, US regulators have said.The US Securities and Exchange Commission (SEC) fine on the China-based rival to Starbucks comes after it said …

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China fines Luckin Coffee and linked firms $9 million

China fines Luckin Coffee and linked firms $9 million

China's markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin's falsification of financial records and misleading of the public.China's finance ministry said earlier this year that Luckin booked 2.25 billion yuan …

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