China’s Luckin Coffee will pay $180 million to settle accounting fraud charges
6:45pm PST - December 16th, 2020 starbucks - TechCrunchChina’s embattled coffee delivery startup Luckin has reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay a $180 million penalty to settle charges that it overstated its revenues, expenses, and losses by the hundreds of milli…