Chinese coffee chain Luckin Coffee reported an 87 percent increase in net profit in the third quarter of the year, mainly because of the increased number of stores. Quarterly net profit stood at 988 million yuan, while revenue soared 85 percent to 7.2 billion yuan from a year earlier, the f...
BEIJING, April 3 (Xinhua) -- Chinese securities regulator said Friday that it pays close attention to and strongly condemns the accounting fraud by Luckin Coffee Inc., a coffee chain retailer. A listed company, no matter where it is listed, shall strictly abide by the laws and norms of the...
Chinese coffee chain Luckin Coffee reported an 87 percent increase in net profit in the third quarter of the year, mainly because of the increased number of stores. Quarterly net profit stood at 988 million yuan, while revenue soared 85 percent to 7.2 billion yuan from a year earlier, the f...
财报速递 Chinese coffee chain Luckin Coffee reported an 87 percent increase in net profit in the third quarter of the year, mainly because of the increased number of stores. Quarterly net profit stood at 988 million yuan, while revenue soared 85 percent to 7.2 billion yuan from a year earlier...
is evolving to adding lots of ingredients that you would not normally associate with coffee. This trend is undoubtedly also informed by the immensely popular milk tea of which young Chinese can consume several litres per day. Luckin Coffee was the first to introduce the term dirty coffee. ...
't quite up to Western standards. Already this year, major accounting scandals have upended iQIYI (IQ) and Luckin Coffee (LK). But that's a risk you take when you invest in emerging markets, and that's why it's important to diversify and avoid heavy concentration in any single stock....
Unless the audit dispute is resolved, delisted Chinese companies, like Luckin Coffee, may have to resort to the pink sheets market. However, trading volumes are pretty low in the highly speculative over-the-counter market, which is apparently not a desirable choice for Chinese companies. ...
China's luxury liquor brand Kweichow Moutai on Thursday announced the partnership with Mars Inc-owned Dove in making liquor-filled chocolate products, only 12 days after its co-branding product with the country's largest coffee chain house Luckin Coffee hit the market. The Moutai-Dove products wi...
Founded in 2017, Xiamen-based Luckin Coffee burst onto the scene with an ambitious goal to usurp Starbucks’ dominance in China’s coffee chain market. To quickly gain market share, the company has been offering generous discounts to consumers and develops a unique delivery-focused approach, which...
Dai Wei, the controversial founder of failed Chinese bike-sharing firm Ofo which still owes millions in un-refunded deposits, has opened a new coffee chain in the United States, media reported today. Similar to Luckin Coffee, the new venture About Time Coffee allows customers to place orders ...