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 ...

Luckin aims to undercut Starbucks in the U.S. with low-priced coffee but lacks clear differentiation against other coffee chains. China's coffee market faces overcapacity, with aggressive store ...

Luckin Coffee, China’s coffee chain, has reported impressive sales figures, outpacing its major competitor Starbucks (NASDAQ: SBUX) in the Chinese market. This achievement marks a significant ...

China’s Luckin Coffee Inc. agreed to buy an equivalent of 4 million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signaling continued demand from one of the fastest ...

Ladies and gentlemen, welcome to Luckin Coffee's Third Quarter 2024 Earnings Call. All participants will be in listen-only mode, during management’s prepared remarks, and there will be a ...

Chinese coffee chain player Luckin Coffee is looking to expand in the United States and other overseas markets amid intensified domestic competition that is impacting same-store sales. Guo Jinyi ...

China’s largest coffee chain, Luckin Coffee LKNCY, is preparing to enter the U.S. market, aiming to challenge rivals, including Starbucks Corp. SBUX, with its low-cost beverages. This move ...

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 ...