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 ...

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 largest coffee chain, Luckin Coffee (OTC:LKNCY), is preparing to enter the U.S. market, aiming to challenge rivals, ...

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 ...

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 ...

The report, compiled by Singapore-based consultancy Momentum Works, found that about 60 Chinese brands, including beverage ...

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 ...

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 ...

Short interest in Luckin Coffee Inc (OTC:LKNCY) increased during the last reporting period, rising from 5.35M to 5.58M. This put 2.48% of the company's publicly available shares short. Short ...