Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two ...
Four years ago, Luckin Coffee was kicked off the Nasdaq after the buzzy Chinese coffee chain admitted that it had inflated its sales by over $300 million. The resulting scandal helped to spark a ...
The chain is expected to copy its successful China playbook of promotions and steep discounts in Malaysia. To commemorate the launch, Luckin priced its beverages as low as 2.99 Malaysian ringgit ...
ADR shares of Luckin Coffee ($LKNCY) rose 2.57% on Friday as reports surfaced about the company’s plans to expand into ...
Luckin Coffee's expansion into Hong Kong is unlikely to be a game changer due to strong local competition and lack of price advantage. Hong Kong's competitive coffee market, with established ...
China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding ...
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Luckin Coffee is set to open five outlets across Malaysia by the end of January this year. In a statement, the brand stated the first two outlets will open at Sunway Pyramid and Menara EcoWorld on ...