 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.

Despite the company's announcement that some 2019 sales were fabricated, customers have the company's back.

Chinese Customers Are Still Lovin' Luckin

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 margin loan, one of the banks said on Monday.

Luckin Coffee chairman defaults on loan, surrenders company shares

Luckin Coffee Inc - ADR (NASDAQ: LK) shares dropped another 15% on Monday after the company said last week an internal accounting investigation has revealed COO Jian Liu allegedly fabricated fraudulent transactions to boost the company’s sales.

Luckin Coffee Short Sellers Make $1.1B In Profits As Shares Continue Plummet

The Chinese coffee chain admitted to inflating its numbers last week. Here are the takeaways.

Investing Lessons From the Luckin Coffee Accounting Fraud Debacle

If You Bought Luckin At Recent Highs, It's Best To Hold

Lessons From Luckin Coffee's Recent 80% Crash

The first fraud to come to light in the pandemic era was a high-flying Chinese coffee chain.

Here's Why I Try to Avoid Chinese Stocks

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“What’s playing out here is not a new story - fraud. It’s just an issue for a new, well-known company.

Responsibility For Luckin Coffee's Accounting Debacle Is Far And Wide

Inflated sales figures, possible higher cash burn and potential siphoning of funds -- take your pick of reasons to leave LK stock alone.
The post Luckin Coffee Will Continue Trending Lower Beyond Initial Plummet appeared first on InvestorPlace.

Luckin Coffee Will Continue Trending Lower Beyond Initial Plummet

The People's Republic of China securities regulator said Friday that it will investigate Luckin Coffee Inc.

China Securities Regulator To Probe Luckin Coffee

Car Inc. had already been in for a rough year amid fallout from the coronavirus pandemic.

Luckin Debacle Spills Over To Hong Kong As Car Inc. Shares Plunge 56% On Chairman's Tie

The Chinese coffee company has admitted that its sales numbers were not reported correctly.

Should I Buy Luckin Coffee Stock?

Luckin Coffee Crashes 76% Thursday: What You Need To Know

Accounting woes at Luckin Coffee led to a 75% decline in the Chinese company's stock on Thursday.

Luckin Coffee is a painful reminder of 'the extreme fraud risk' of some China-based companies

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc  and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.

China probes alleged fraud at Luckin Coffee, banks review IPO work

China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc , and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.

China probing alleged fraud at Luckin Coffee, banks review IPO work

Here is a timeline of the Nasdaq-listed Luckin Coffee Inc's  journey from a hot Chinese start-up to U.S. IPO and now an investigation for alleged fraud.

Luckin Coffee's journey from hot startup to $5billion share wipeout

The fast-growing coffee chain is under pressure after the company admitted its staff were fabricating sales in 2019.

Luckin Coffee’s Troubles May Just Be Getting Started After Revealing Financial Investigation

On Thursday, shares of China-based coffee chain Luckin' Coffee (LK) plunhed after it disclosed an internal investigation that found that its COO, Jian Liu, fabked 2019 sales numbers.

Why Did Shares of Luckin' Coffee (LK) Crater 80% Today?

On Thursday, April 2, Luckin Coffee Inc. (NASDAQ:LK) disclosed the results of an internal investigation that found its chief operating officer fabricated 2019 sales by approximately 2.2 billion yuan ($310 million).

Luckin’s Shooting Star Falls on Fabricated Sales

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Facebook, Zoom Video, Walgreens, Simon Property Group and Luckin Coffee were our top stock trades for Friday.
The post 5 Top Stock Trades for Friday: FB, LK, WBA, ZM, SPG  appeared first on InvestorPlace.

5 Top Stock Trades for Friday: FB, LK, WBA, ZM, SPG 

Luckin Coffee (LK) news for Thursday concerning an internal investigation over accounting fraud has LK stock taking a nosedive.
The post Luckin Coffee News: LK Stock Plummets 76% on Accounting Fraud Investigation appeared first on InvestorPlace.

Luckin Coffee News: LK Stock Plummets 76% on Accounting Fraud Investigation

Kynikos Associates founder Jim Chanos was a guest on CNBC to share some of his "favorite" short positions and to discuss his most recent major win in Luckin Coffee Inc (NASDAQ: LK) Avoid Chinese Stocks 'Like The Plague' Investors need to simply avoid Chinese stocks "like the plague," Chanos said.

Jim Chanos Talks Latest Major Short Win And How To Find New Opportunities

LK stock plunged on news the company had dramatically overstated its financials, but the company still has tremendous long-term potential.
The post Here’s Why the Plunge in Luckin Coffee Stock May Be Overdone appeared first on InvestorPlace.

News for Luckin Coffee Stock (LK)