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April 6, 2020 03:49 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZfSd5hLSWMc/
Luckin Coffees alleged fraud has some silver linings (and even more bad news too)
Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80% on Thursday. Luckin Coffees board […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZfSd5hLSWMc/
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