Posted inChina

Luckin Coffee sticks by chairman despite scandal

Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year’s revenue included millions of dollars in fake sales. The massive financial scandal has already cost the company two top executives, caused shares to plummet more than 70% and put its billionaire founder Charles Zhengyao […]

%d bloggers like this: