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December 17, 2020 02:45 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dfU4HQhu9jo/
Chinas Luckin Coffee will pay $180 million to settle accounting fraud charges
China’s embattled coffee delivery startup Luckin has reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay a $180 million penalty to settle charges that it overstated its revenues, expenses, and losses by the hundreds of millions of dollars. The announcement by the market regulator arrived Wednesday evening, months after short-seller Muddy […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dfU4HQhu9jo/
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