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 ...

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 ...

Shares in Luckin Coffee have slumped after the company said one of its top executives and other employees had faked sales figures. The Chinese coffee chain has now suspended its chief operating ...

Two years after being expelled from Wall Street due to a fraud scandal, the Chinese coffee chain Luckin Coffee is staging a comeback. Two years after being expelled from Wall Street due to a fraud ...

Luckin Coffee is a fast-growing company with over 10,000 stores in Beijing and locations in 300+ Chinese cities, showing strong revenue growth. Despite intense competition and declining margins ...

Luckin Coffee Inc. has announced a significant amendment to its Rights Agreement, initially dated October 14, 2021, which includes an updated expiration time and address for the company.

Luckin Coffee is a hold due to its robust balance sheet, profitability, and growth fueled by new attractive products. LKNCY's quarterly revenue grew 33.33% QoQ and 35.5% YoY, driven by strong ...

While Luckin Coffee (OTCPK:LKNCY) has had more stores than Starbucks for several years, the smaller-format of the stores still had the company trailing its U.S. rival in local revenue.However, Q2 ...

Luckin’s revenue rose 35.5% in the second quarter as it nearly doubled its store count, but plunging same-store sales caused its margins to drop sharply The company is facing a double challenge ...