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 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 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 agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding ...
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 ...
The debut of Luckin Coffee, which bills itself as the "Starbucks of China" for having the most number of outlets on the mainland, is a sign of things to come for Hong Kong's retail segment ...