Luckin Coffee China Website. Investors and policymakers, the company's fraud scandal didn’t seem to have an adverse impact on its business in china. The ministry of finance, which began an investigation into luckin coffee (china) and luckin coffee (beijing) in early may, found luckin booked 2.25 billion yuan ($322.60 million) of sales through.
For the past few weeks they’ve been everywhere. China's finance, market regulation, and securities authorities will issue administrative penalties to the operating entities of luckin coffee inc., two of its affiliates, and third parties. Most of us have a morning coffee on the way to work and in many areas, it is no surprise to have several local starbucks (nasdaq:
Dollars) of sales through fake coupons from april 2019 to the end of last year, it said in a statement on its website on friday.
The ministry of finance, which began an investigation into luckin coffee (china) and luckin coffee (beijing) in early may, found luckin booked 2.25 billion yuan ($322.60 million) of sales through. The decision puts punctuation to an investigation that took months looking into reported misconduct at the coffee chain. A cup of luckin coffee at a store in hangzhou in eastern china's zhejiang province. Luckin has been investing heavily in growth and losing money in an attempt to take market share from starbucks (or win new customers before its big rival).