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

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 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 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.

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…

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, 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…

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.

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

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.

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.

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.

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

Luckin Coffee, delicious. https://t.co/dSHAGXoxN6

RT @Dadjoke850: @TaylorOgan Maybe, but what about the several mega storage buildings and lots with thousands upon thousands of stored BYD c…

$LKNCY Thanks to @gap1200 for designing and ordering my first Luckin mug! Something is a brewing here and I'm not talking about the coffee. The price action suggests that. Go Luckin!!

Luckin Coffee Inc. traded -22% below average volume, $LKNCY up 2.66%

Why Is Pacific Coffee Losing to Starbucks, Luckin Coffee, and Tim Hortons in China? https://t.co/B1c5Gr0KT7 https://t.co/1Pyizby539

I'm at Luckin Coffee in Singapore https://t.co/8aTsjN4HgU

RT @China4Tech: Luckin Coffee, the homegrown challenger to US coffee giant #Starbucks, posted robust growth for 2021, with more than 6000 l…

Why Is Pacific Coffee Losing to @Starbucks, Luckin Coffee, and @TimHortons in China? https://t.co/ShiSAb74Xx

Do you want to try this new flavor of coffee?#Luckin #coffee https://t.co/VjQjjAjbke

Will premium coffee chains succeed in challenging Luckin Coffee? https://t.co/4FLrDGGqJD

even swears must be auspicious, you know that? luckin coffee, good job

Why has Luckin Coffee resurrected? https://t.co/7h2aFH84v3

Luckin Coffee after scamming everybody few years back might actually be legit this time around. #BetwithBurns is upgrading the name to a “BUY” rating. $LKNCY

Luckin ki cold coffee >>>>>>

Still waiting for more visibility on $LKNCY Luckin Coffee as there were just too much new supply in coffee chains this year.

coffee (@ Luckin Coffee in Singapore) https://t.co/YdLxXJ9ZBT

RT @NPC007: In fact,most Chinese don't believe in the performance of Luckin coffee . Some well-known chinese investors and entrepreneurs ev…

RT @EroniDuaibe: Latest coffee rankings according to https://t.co/BpZTbu42Za 1. Luckin Coffee 2. Maan Coffee 3. Noworry Coffee 4. Hey…

RT @justbeyou2023: Get my art printed on awesome products. Support me at Redbubble #RBandME: https://t.co/SmaUkpymKq #findyourthing #redbu…

Luckin Coffee in Singapore. https://t.co/dGvDRBNCPG

RT @China4Tech: Luckin Coffee, the homegrown challenger to US coffee giant #Starbucks, posted robust growth for 2021, with more than 6000 l…

RT @cvpayne: Carvana +25% (was up 50%) Luckin Coffee +4.700% from the 2020 Low Should you trade the names Wall Street leaves for dead? @T…