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 ...

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 bulls have cited this consumption gap for over a decade as a key case for SBUX and Luckin. Although in larger cities such as Shanghai, where coffee consumption averages 27 cups per year ...

A close up of a barista pouring freshly made coffee to a happy customer in a cafe. Number of Hedge Fund Holders: N/A Luckin Coffee Inc. (OTC:LKNCY) is a Chinese coffee company headquartered in Xiamen.

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 ...

On its debut day, it sold 5.42 million cups, raking in sales that surpassed RMB100 million (RM64 million), setting a record for Luckin Coffee’s new product launches. By the end of last year ...

Luckin Coffee (LKNCY) has released an update. Luckin Coffee’s third-quarter results for 2024 show a robust financial performance, with a 41.4% year-on-year revenue increase reaching over RMB10 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals ...