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China to punish Luckin Coffee for financial fraud, false publicity
China's finance, market regulation, and securities authorities will issue administrative penalties to the operating entities of Luckin Coffee Inc., two of its affiliates, and third parties assisting its illegal acts.
Chinese securities regulator active in int'l cooperation on cracking down frauds
Chinese securities regulator said Monday it has communicated with the U.S. Securities and Exchange Commission on cross-border supervision cooperation after the accounting fraud by Luckin Coffee Inc., a coffee chain retailer, was exposed.
Luckin Coffee rolls out unstaffed retail strategy
Luckin Coffee, one of China's largest coffee chains, announced its entering into the unmanned retail market Wednesday in a bid to further densify its network and step closer to its customers.
Luckin Coffee reports loss in Q3
Chinese coffee chain startup Luckin Coffee reported on Wednesday a net loss of 531.9 million yuan (about 75.96 million U.S. dollars) in the third quarter of this year despite an increase in revenue.
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