China Securities Regulatory Commission Begins Luckin Coffee Investigation The CSRC has sent an investigative team to inquire into fraud allegations against Luckin Coffee. Several auditors are currently inspecting Luckin’s financial situation.
China’s Investors Take Luckin Coffee to Court for Painful Stock Loss Lawsuit filed by China's domestic investors against Luckin Coffee's fabricated sales fraud has been proceeding by Xiamen Intermediate People's Court.
Luckin Coffee Issues Official Apology Regarding Alleged Fraud Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.
