However, this method cannot be used if Luckin intentionally jumps and skips numbers during the day to purposely distort the tracking results. This is exactly what happened, as evidenced by this screenshot in the report. Source: Muddy Waters’ anonymous report, Wechat screenshot evidences the infl...
Washington is trying to fight the opacity of these publicly traded Chinese firms to protect US investors, in part spurred by revelations of Luckin Coffee’s fraudulent behavior earlier this year. The last month has seen the SEC open investigations into two more US-listed Chinese tech companies, ...
And that’s happened in multiple countries because they’re literally showing people exactly what they want in 15 seconds, flick the next screen, flicks the next screen. So, you know, on that side, you know, video sharing turned out to be very, very popular and to have s...
Individual brands also used discounts and tactics such as click and collect to drive additional sales in stores. Luckin Coffee, a Chinese startup that’s competing with Starbucks, featured a “Buy 1, get 2 free” discount that could be claimed online and ...