Luckin Coffee, known as “China’s answer to Starbucks,” has a casual relationship with the truth. In April, the company was forced to disclose that its chief operating officer, Jian Liu, inflated its 2019 sales by $310 million. The revelation caused Luckin Coffee’s shares to fall by 80%, and its value to drop from $12.7 billion
Kennedy: Louisiana investors need accountability for foreign companies—and Congress delivered
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