 Luckin Coffee

Luckin Coffee, Inc. provides food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. Its offerings include both hot and iced freshly brewed coffee such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha as well as specialty coffee based on market and seasonal trends. The firm also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

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Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. It also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

Luckin Coffee said China’s market regulators are looking into its operations, and the company is assisting with their work.

Chinese Regulators Target Luckin Coffee After Fabricating Sales

Luckin Coffee  said on Monday China's State Administration for Market Regulation was carrying out work to understand the coffee chain's operating situation and added that it was actively cooperating.

China's market regulator inspects Luckin Coffee

BEIJING, April  23, 2020  (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (NASDAQ: LK) today announced the following:

Luckin Coffee Received Notification from Mr. Thomas P. Meier of his Resignation as an Independent Director

Believe it or not, the two companies' leaders have something in common.

What Elon Musk Needs to Learn From the Luckin Coffee Fiasco

Luckin Coffee looks doomed amid fraud allegations and a pause in LK stock trading. But the warning signs were here long before the news dropped April 2.

Luckin Coffee Stock Is About as Good as a Burnt-Tasting Cup of Joe

The allegations against Luckin first came to light on January 31, when short-seller, Muddy Waters, released an 89-page report about the company inflating several key financial metrics. In response to these allegations, Luckin issued a press release categorically denying them.

LK Stock: Where There’s Smoke There’s Fire

iQIYI

A Tale Of Two Stocks: Luckin Coffee And IQIYI

The disclosure of the fraud by Luckin Coffee (NASDAQ: LK) has shaken the faith of investors in Chinese companies listed on United States exchanges, Citron Research founder Andrew Left told the Financial Times on Sunday.

Luckin Coffee Fraud Has Shaken Investor Faith In US-Listed Chinese Companies, Long-Term Backer Citron Says

The Chinese coffee company's stock was halted April 7. When will investors be able to sell -- or buy -- shares?

Will Luckin Coffee Stock Ever Trade Again?

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Analysts say the scandals will undermine U.S. investors’ confidence in Chinese firms, adding to the challenges of raising capital in an already difficult market.

China Stocks Face Increased Scrutiny After TAL Education And Luckin Coffee Reveal Inflated Sales

Why Luckin Coffee Stock Dropped

NEW YORK, April  09, 2020  (GLOBE NEWSWIRE) -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that the trading halt status in Luckin Coffee Inc. (Nasdaq: LK) was changed to "additional information requested" from the company. Trading in the company’s stock had been halted on April 7, 2020 at 9:15:25 Eastern Time for "news pending" at a last sale price of $4.39.

Nasdaq Halts Luckin Coffee Inc.

Luckin Coffee's stock has been halted for pending news since Tuesday morning.

Luckin Coffee's stock has been halted for pending news since Tuesday

Three months after Muddy Waters Research sounded the alarm on Luckin Coffee Inc - ADR (NASDAQ: LK), the firm is now accusing popular Chinese online video platform IQIYI Inc (NASDAQ: IQ) of overstating 2019 revenue numbers.

One Theme Is Popping Up Among These Chinese Companies: Fraud

Shareholders want some money back. Will they get it?

What's With All the Lawsuits Against Luckin Coffee?

The company’s history has been a roller-coaster ride from the get-go.
 Luckin Coffee, the Beijing-founded coffee chain that’s been called the “Starbucks of China,” is getting whiplash from a head-spinning turn of events that saw its stock drop more than 80% last week, and its demand soar in the following days.

Embattled Luckin Coffee sees wild surge as customers scramble to cash in on free drink vouchers

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It seems the beleaguered Chinese coffee chain operator might have a fresh new controversy to deal with.

Luckin Coffee Chairman, CEO Default on Loan; Lenders to Seize Stock Holdings

In the wake of Luckin Coffee Inc. (NASDAQ:LK) revealing that its former chief operating officer fabricated 2019 sales last week, Steve Mandel (Trades, Portfolio)’s Lone Pine Capital disclosed it exited its stake in the company.

Steve Mandel’s Lone Pine Spills Out of Luckin Coffee After Fabricated Sales Revealed

Following a disgusting revenue fabrication scandal, LK stock took a well-deserved beating. And under this political environment, Luckin would be very lucky indeed to escape with any value.

Why LK Stock Is the Houston Astros of Wall Street

The shares of Luckin Coffee Inc. (NASDAQ: LK) dropped another 18% lower on Monday as Goldman Sachs Group Inc.

Luckin Stock Drops Further As Lenders Seek To Seize 76.4M Shares For Defaulted Loan

Luckin Coffee's app has rocketed to become the second most popular in China as consumers rushed to claim a free drink that it has long offered for downloading, worried the chain might collapse after it said much of its sales last year were fabricated.

Demand for Luckin app surges as Chinese rush to drink up after admission of fraud

China's Ucar Inc, in which Luckin Coffee  Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it.

China's Ucar, in which Luckin chairman is top shareholder, halts shares

Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan, one of the banks said on Monday. The default comes after Luckin, a major rival to Starbucks.

Chinese chain Luckin Coffee still can’t catch a break

Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80% on Thursday.

News for Luckin Coffee Stock (LK)