Luckin Coffee News, Photos, Videos and Tweets

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

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 - Reuters
3:30am PDT - April 3rd, 2020

China regulator condemns Luckin Coffee financial misconduct, says will investigate

China's securities regulator said on Friday it strongly condemns financial misconduct by Luckin Coffee.

luckin coffee - Reuters
11:27pm PDT - April 2nd, 2020

China's Luckin Coffee slumps on 'fake' data news

The company said its chief operating officer and other employees had fabricated financial information.

luckin coffee - BBC News
7:56pm PDT - April 2nd, 2020

China's Luckin Coffee slumps on 'fake' data news

The company said its chief operating officer and other employees had fabricated financial information.

luckin coffee - BBC News
7:56pm PDT - April 2nd, 2020

Jim Chanos warns investors against buying 'virus stocks' like Zoom, Peloton, and Clorox that are dominating the coronavirus lockdown

Jim Chanos, founder of Kynikos Associates, warned investors against buying "virus stocks" doing well amid the coronavirus lockdowns in a Thursday interview with CNBC. Chanos named Zoom, Peloton, Teladoc, and Clorox as "virus stocks." "Of course when the virus…

luckin coffee - Business Insider
12:25pm PDT - April 2nd, 2020

Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales (LK)

Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales (LK)

luckin coffee - Business Insider
9:30am PDT - April 2nd, 2020

Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales (LK)

Luckin Coffee stock tanks 80% after discovery that COO fabricated about $310 million in sales (LK)

luckin coffee - Business Insider (UK)
9:30am PDT - April 2nd, 2020

China's Luckin Coffee plunges 75% on accounting probe

Luckin Coffee has become a phenomenon in China -- and with Wall Street investors -- due to stunning growth. But it turns out some of its sales may have been fake.

luckin coffee - CNN
8:09am PDT - April 2nd, 2020

Luckin Coffee’s board initiates investigation into $300M potential fraud

China-based Luckin Coffee, the fastest growing growing coffee brand in the world, has dazzled VCs, public market investors and frankly us over the years with its dizzyingly high growth, expanding from a handful of stores and delivery kiosks to tens of thousan…

luckin coffee - TechCrunch
7:00am PDT - April 2nd, 2020

Luckin Coffee’s board initiates investigation into $300M potential fraud

China-based Luckin Coffee, the fastest growing growing coffee brand in the world, has dazzled VCs, public market investors and frankly us over the years with its dizzyingly high growth, expanding from a handful of stores and delivery kiosks to tens of thousan…

luckin coffee - TechCrunch
7:00am PDT - April 2nd, 2020

Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant's COO fabricated orders

Luckin Coffee, a swiftly-growing Chinese coffee chain, fabricated more than $310 million worth of transactions in 2019, according to an internal investigation. The preliminary investigation found that almost half of the company's roughly $732 million in sales…

luckin coffee - Business Insider
6:49am PDT - April 2nd, 2020

Luckin Coffee shares tank after COO suspended following alleged misconduct

Shares of Luckin Coffee Inc sank 85% on Thursday after it said it suspended its chief operating officer and several other employees for misconduct related to the fabricating of transactions.

luckin coffee - Reuters
6:09am PDT - April 2nd, 2020

Starbucks Says China Is Getting Back to Normal After Coronavirus Slump

Starbucks closed about 80% of its 4,300 China locations in early February for the Lunar New Year holiday and the rapid spread of the virus

luckin coffee - Time
12:36am PST - March 6th, 2020

China's Centurium Capital to reach first close at $2 billion: sources

China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.

luckin coffee - Reuters
11:00pm PST - March 5th, 2020

UPDATE 1-China's Centurium Capital to reach first close at $2 bln: sources

China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.

luckin coffee - Reuters
9:17pm PST - March 5th, 2020

China's Centurium Capital to reach first close at $2 bln: sources

China's Centurium Capital, a big backer of domestic startup Luckin Coffee, is set to reach the first close of fundraising for its latest private equity fund with about $2 billion, said two people with direct knowledge of the matter.

luckin coffee - Reuters
7:07pm PST - March 5th, 2020

Cramer's lightning round: If you want a coffee stock, buy Starbucks

CNBC's Jim Cramer offers his advice to callers on the stocks of Luckin Coffee, JD.com and Eaton Corporation.

luckin coffee - CNBC
3:51pm PST - March 4th, 2020