More than a dozen officers from China’s State Administration for Market Regulation descended on Luckin Coffee’s headquarters in Xiamen on Sunday
China’s top business and commerce regulator is investigating Luckin Coffee Inc., according to a person familiar with the matter, after the upstart coffee chain stunned investors by revealing that much of its 2019 sales were fabricated.
More than a dozen officers from the country’s State Administration for Market Regulation descended on Luckin Coffee’s headquarters in Xiamen on Sunday, the person said, adding that they demanded access to the company’s accounts and other records. The company is complying with the requests for...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gemma Collins slams coffee wait as she compares her importance to Boris JohnsonGemma Collins was not impressed by being made to wait for her coffee as she said that Prime Minister Boris Johnson would not be expected to make a similar wait for a caffeine fix
Read more »
The story of coffee is a parable of global capitalismWhat began as an obscure berry from the highlands of Ethiopia is now, five centuries later, a ubiquitous global necessity
Read more »
How Nikki Nelms and Kelly Rowland Worked Together to Create the Hair Looks in 'Coffee'The stylist breaks down the process, plus which one was the singer's favorite.
Read more »
This Coffee Innovation Is the Fastest Way to Enjoy a Professional-Level Cup at HomeOne tablespoon of Jot is all you need.
Read more »
34 Things You'll Basically Be Doing Yourself A Favor For BuyingA coffee subscription, Baby Yoda pajama pants, and more.
Read more »
9 Tools and Ingredients Our Staff Bought Online This MonthIncluding but not limited to a ton of coffee.
Read more »