Luckin Coffee International (Hong Kong) Limited

Location

Founded

2020-07-22

Risk Signals

383 news mentions monitored

Industry Context

This company is tracked across risk categories, including those related to its sector (e.g., Commercial Equipment, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.

Recent Articles about Luckin Coffee International (Hong Kong) Limited

Live alerts from global media, monitored by Business Radar

Asia’s Greater Bay Area: Worth the risks for investors?

2024-05-24 (hinrichfoundation.com)

Asia’s Greater Bay Area: Worth the risks for investors?

As China accelerates its speed of innovation and industry diversification, investors will remain drawn to the Asia's Greater Bay Area's potential continued growth.

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China's Luckin Coffee sacks bosses amid accounting scandal

2024-03-14 (bbc.com)

China's Luckin Coffee sacks bosses amid accounting scandal

Its chief executive and chief operating officer were sacked after a probe into an accounting scandal.

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Luckin Coffee Ousts Chairman Amid Accounting Scandal

2024-02-28 (cfo.com)

Luckin Coffee Ousts Chairman Amid Accounting Scandal

Luckin Coffee appointed a new chairman and directors to its board following an extraordinary general meeting held Monday.

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Luckin Coffee apologises for fraud scandal

2024-02-25 (asiafinancial.com)

Luckin Coffee apologises for fraud scandal

Luckin Coffee apologises for fraud scandal

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SEC Investigates China’s Luckin Coffee Over Accounting Scandal

2023-09-24 (wsj.com)

SEC Investigates China’s Luckin Coffee Over Accounting Scandal

The Securities and Exchange Commission is investigating Luckin Coffee’s disclosure that some of its employees cooked its books last year, according to people familiar with the matter.

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Luckin Coffee CEO and COO Fired After Fraud Probe

2022-12-24 (pymnts.com)

Luckin Coffee CEO and COO Fired After Fraud Probe

An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant.

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Scandal-Racked Luckin Coffee Plunged $866 Million Into the Red in 2020

2021-09-22 (caixinglobal.com)

Scandal-Racked Luckin Coffee Plunged $866 Million Into the Red in 2020

Scandal-Racked Luckin Coffee Plunged $866 Million Into the Red in 2020 -Losses widened 77% in the year the coffee chain’s vast accounting fraud was revealed

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China’s Luckin Coffee to Pay $180 Million to Settle Accounting-Fraud Claims

2020-12-17 (wsj.com)

China’s Luckin Coffee to Pay $180 Million to Settle Accounting-Fraud Claims

Luckin Coffee has agreed to pay $180 million to settle regulatory claims that it cooked its books to make growth appear more robust and meet earnings targets.

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Luckin Coffee to pay $180 mln penalty to settle accounting fraud charges -U.S. SEC

2020-12-16 (reuters.com)

Luckin Coffee to pay $180 mln penalty to settle accounting fraud charges -U.S. SEC

Luckin Coffee Inc (LC0Ay.MU) has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, U.S. regulators said on Wednesday.

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China’s Market Regulator Piles Penalties on Luckin Coffee Over Fraud Scandal

2020-09-22 (caixinglobal.com)

China’s Market Regulator Piles Penalties on Luckin Coffee Over Fraud Scandal

China’s Market Regulator Piles Penalties on Luckin Coffee Over Fraud Scandal - Authority hits two companies owned by Luckin and 43 others with a total of $9 million in fines for violating the country’s fair competition law

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China Regulators to Punish Luckin Coffee for Financial Fraud

2020-08-01 (caixinglobal.com)

China Regulators to Punish Luckin Coffee for Financial Fraud

China Regulators to Punish Luckin Coffee for Financial Fraud - Finance Ministry confirms fabricated sales results while market regulation agency finds unfair competition, though neither specifies planned penalties

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After grinding investigation, Luckin Coffee confirms $300 million revenue fraud

2020-07-01 (techcrunch.com)

After grinding investigation, Luckin Coffee confirms $300 million revenue fraud

Luckin Coffee’s drips and drops of news the past few weeks — including a boardroom feud that is pitting the company’s chairman against a special

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