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Luckin Coffee

Luckin Coffee Archives

China’s Luckin plans store expansion, remains committed to US market

Luckin plans to continue to open new stores, said Luckin's chief executive Guo Jinyi.

Surging sales deliver maiden quarterly profit for reborn Luckin Coffee

The company says it served 16 million customers during the March quarter – up 83 per cent year on year.

Battered Luckin Coffee emerges from bankruptcy proceedings

Luckin said it had restructured its financial indebtedness in the United States and was now positioned for sustainable g...

Coffee chains Starbucks, Luckin raise prices in China

A Starbucks Americano costs 30 yuan after the price increase, up from 28 yuan.

Luckin Coffee in US$175 million class action settlement over accounting fraud

Luckin agreed last December to pay a $180 million fine to settle US Securities and Exchange Commission accounting fraud ...

Scandal-plagued Luckin Coffee secures US$250 million lifeline

The same day as new investors announced, auditors replaced with immediate effect.

Luckin Coffee to pay $180 million penalty to settle US fraud charges

The US Securities and Commission fine follows much of Luckin's 2019 sales were fabricated.
Luckin coffee cups

Luckin Coffee fined US$9 million for falsifying accounting records

Disgraced Chinese coffee chain Luckin Coffee, along with more than 40 other firms involved in the deception, has been fi...

Luckin Coffee names new chairman and CEO after founder ousted

Luckin Coffee has named Jinyi Guo as chairman and CEO as the Chinese chain tries to move past an accounting scandal that...

Consumers swamp Luckin Coffee app in wake of controversy

Disgraced Chinese coffee giant Luckin has apologised to customers and promised business as usual following a widely publ...