One of China's most powerful regulators has raided the offices of Luckin Coffee after opening an investigation into the scandal-hit firm. The firm's shares slumped this month after it revealed ...

Luckin Coffee needed premiumisation and volume to boost profitability, as its earlier ¥9.90 strategy squeezed profit margins. By Q2 2023, Luckin had opened 10,000 stores, giving it scale and advantage ...

Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone Starbucks as China’s leading coffee chain. Luckin Coffee ...

China's Luckin Coffee has sacked two of its top bosses after new evidence came to light about an accounting scandal. The firm said its chief executive and chief operating officer were fired after ...

The coffee market in mainland China is extremely competitive. Luckin Coffee is keeping afloat in this cut-throat environment and has become the leading coffee brand in the market while also expanding ...