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Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant’s COO fabricated orders

Luckin Coffee, a swiftly-growing Chinese coffee chain, fabricated more than $US310 million worth of transactions in 2019, according to an internal investigation. The preliminary investigation found that almost half of the company’s roughly $US732 million in sales last year had been fabricated by Luckin COO Jian Liu. Luckin Coffee shares […]
Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant’s COO fabricated orders