Luckin Coffee being investigated by China’s top commerce regulator

Luckin Coffee being investigated by China’s top commerce regulator

China’s business & commerce regulator is investigating Luckin, after US listed coffee chain revealed that much of its 2019 sales were fabricated. Luckin has confirmed the probe and said that it is actively cooperating with the market regulator.The on-site investigation is likely to continue through the week. The company however clarified that its stores across the country are operating normally.

Milan
Milan
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