Luckin Coffee has run out of luck - a preliminary investigation implicates the chain's COO Jian Liu in fabricating billions of RMB in transactions Unicorn start-up Luckin Coffee has run out of luck.
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 ...
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 ...