News Analysis
Chinese coffeehouse chain Luckin Coffee announced on April 2 following an internal investigation that it had “fabricated” hundreds of millions of dollars in sales.
Luckin Coffee Scandal Is New Warning for Investors in Chinese Companies
Chinese coffeehouse chain Luckin Coffee announced on April 2 that it had “fabricated” hundreds of millions of dollars in sales figures after an internal investigation.
A deliveryman walks past a closed Luckin Coffee store in Beijing, China on Feb. 7, 2020. Reuters/Jason Lee
|Updated:
Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
