Friday 26 April 2024
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sales fraud

Nasdaq moves to delist Luckin Coffee, the company plans to request hearing

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MILAN — Luckin Coffee Inc. announced yesterday that on May 15, 2020, it received a written notice from the Listing Qualifications Staff of The...

Luckin Coffee fires both CEO and COO amid new evidence in fraud probe

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BEIJING, China – Luckin Coffee has fired fired both its CEO and COO amid an ongoing investigation into fabricated transactions. Jenny Zhiya Qian was...

Luckin Coffee gets a boost from its fans in China despite alleged sales fraud

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MILAN - Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the Chinese coffee chain to...
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Luckin Coffee apologizes for sales fraud, says stores remain open as usual

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MILAN – Luckin Coffee apologized Sunday regarding the fallout from its sales fraud on Monday, and its senior executives involved in the incident have...

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