China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding ...

Luckin Coffee (LKNCY) is surging 10% after the company reported that its revenue had jumped 32.7% last quarter versus the same period a year earlier. Luckin owns, operates and franchises coffee stores ...

Q4 2024 Management View CEO Jinyi Guo highlighted that 2024 was a pivotal year, with total net revenues increasing by 38% year-over-year to RMB34.5 billion and operating profit rising by 17% to RMB3.5 ...

Four years ago, Luckin Coffee was kicked off the Nasdaq after the buzzy Chinese coffee chain admitted that it had inflated its sales by over $300 million. The resulting scandal helped to spark a ...

BEIJING: Kweichow Moutai and coffee brand Luckin Coffee have launched a latte advertised as containing the fiery Chinese spirit baijiu, as the Chinese luxury liquor maker aims to pull in more ...

Luckin Coffee is already giving Starbucks a run for its money in China. Now, it’s hoping to take the fight for coffee drinkers to a new international market. The Chinese coffee giant opened two ...

KUALA LUMPUR: Hextar Industries Bhd, through its subsidiary Global Aroma Sdn Bhd (GASB), is set to launch a soft opening for five Luckin Coffee outlets by the end of this month. In a filing with ...

KUALA LUMPUR -- China's Luckin Coffee opened its first two Malaysian stores on Thursday as it brews ambitious plans to expand in the Southeast Asia nation. The largest coffee chain in China ...