Luckin Coffee International (Hong Kong) Limited
Location
Founded
2020-07-22
Website
Risk Signals
374 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Commercial Equipment, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about Luckin Coffee International (Hong Kong) Limited
Live alerts from global media, monitored by Business Radar
2024-11-18 (storm.mg)
Do you know that the financial report of "Starbucks' strongest competitor" is false? Luckin Coffee admits to tens of billions of fake accounts, stock price plummets by 80%! - Feng Media
Luckin Coffee, a controversial Chinese company, announced today that an internal investigation found that the company had forged RMB 2.2 billion (approximately NT$9.3 billion) in performance in 2019. As soon as the news came out, Luckin's stock price in the United States plummeted by more than 80% today, and circuit breakers were triggered five times after the market opened. Through <Google News>, follow the reports of Feng Media, comprehensive Chinese media, China Business News and The Paper, Luckin Coffee (Luckincoff
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2024-03-14 (bbc.com)
China's Luckin Coffee sacks bosses amid accounting scandal
Its chief executive and chief operating officer were sacked after a probe into an accounting scandal.
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2023-09-13 (scmp.com)
‘Moutai pool’: China’s alcohol-infused coffee craze turns bizarre as ‘empty bottle’ sparks probe into worker who tried to ride wave of popularity
China’s fascination with alcohol-infused coffee has taken a strange twist after a prank with an “empty bottle” in an amusement park sparked investigations into possible trademark infringements.
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2023-02-02 (wsj.com)
Luckin Coffee Probe Says Chairman Knew or Should Have Known of Fabricated Transactions
An investigation into the accounting misdeeds at Luckin Coffee has concluded that the company’s chairman knew—or should have known—about the fabricated transactions that inflated the Chinese coffee chain’s sales last year, according to a person familiar with the matter.
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2022-12-24 (pymnts.com)
Luckin Coffee CEO and COO Fired After Fraud Probe
An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant.
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2020-12-27 (fortune.com)
The biggest business scandals of 2020
Given the pandemic and the election, you would be forgiven for forgetting some of the juiciest scandals of 2020. We're here to help.
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2020-08-14 (forbes.com)
After Luckin Coffee, Streaming Service IQIYI Is The Next Chinese Company Facing An SEC Probe Over Inflated Earnings
The SEC’s Division of Enforcement has sought financial records from Chinese streaming service iQIYI, Inc. to investigate “manufactured orders and inflated revenues and/or expenses” over the last few years.
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2020-07-02 (kr-asia.com)
Luckin confirms inflated revenues for USD 300 million amid board factionalism
The company's board intends to sack chairman Charles Lu Zhengyao.
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2020-05-12 (scmp.com)
Luckin Coffee fires CEO, COO after internal investigation into fabricated transactions
Luckin Coffee, often viewed as China’s answer to Starbucks, has fired its chief executive and chief operating officer in the wake of an internal investigation into fabricated transactions.
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