Posted inChina

Luckin Coffee and associated firms fined $9 mn

Embattled Chinese chain Luckin Coffee is among a raft of 45 companies hit with a combined fine of nearly US$9 million over a scandal involving false sales figures, China’s market regulator said Tuesday. Luckin – Starbucks’ rival in China – had boosted transactions last year through fake coupons by 2.25 billion yuan ($330 million) and […]

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