Browsing Tag

Luckin

How China’s Luckin Coffee bounced back from its accounting scandal as it…

Eli Pacheco Apr 4, 2023 0

In 2017, Luckin Coffee burst onto the Chinese coffee scene with a mission to challenge the dominance of Starbucks. By offering affordable, convenient, and tech-savvy coffee options, the…

Business

China’s Luckin plans store expansion, remains committed to U.S. market

Dustin Moskovitz Aug 9, 2022 0

Breadcrumb Trail Links PMN Business Author of the article: Reuters Julie Zhu and Sophie Yu Publishing date: Aug 09, 2022 • 16 minutes ago • 3 minute read • …

Business

Luckin Coffee, Waylaid by Fraud, Tries to Perk Back Up

Dustin Moskovitz Jan 29, 2022 0

HONG KONG—Nearly two years after Luckin Coffee Inc. LKNCY 10.23% stunned global investors by admitting it had fabricated sales, the…

Business

China’s Centurium Capital Gains Control of Luckin Coffee

Dustin Moskovitz Jan 28, 2022 0

A Chinese private-equity firm has become the controlling shareholder of Luckin Coffee Inc., LKNCY -2.03% after…