Luckin Coffee, associated firms fined $9 mn over scandal

Luckin Coffee, associated firms fined $9 mn over scandal

Embattled Chinese chain Luckin Coffee is among a raft of 45 companies hit with a combined fine of nearly $9 million over a scandal involving false sales figures, China's market regulator said Tuesday.
Coffee startup Luckin set to overtake Starbucks in China

Coffee startup Luckin set to overtake Starbucks in China

BEIJING: After only a year in business, startup Luckin Coffee said Thursday (Jan 3) it will open 2,500 stores this year to dislodge Starbucks and become China's largest coffee chain.