Luckin Coffee

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China’s Luckin Coffee to pay $180m settlement for fraud charges

The US SEC charged the company with defrauding investors by “intentionally and materially” overstating 2019 revenue and understating net losses….

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No lowballing as Carousell investors cash out

Big returns for Carousell’s early investors and what’s next for Syfe following the close of its series A Source link

China, fraud, Luckin Coffee, new retail, Premium Content

Lessons from the Luckin fiasco

Though there were warning signs that Luckin’s prospects were too good to be true, investors were too dazzled by the…

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The Weekly Snapshot: News from Google, SoftBank, Wavemaker, and more

Here’s what you missed from last week’s headlines. Source link

Charles Lu, China, Jinyi Guo, Luckin Coffee, management, News, Startups

Luckin Coffee ousts co-founder Charles Lu, names new CEO

Former acting CEO Jinyi Guo will replace Lu and lead the company as its new CEO. Source link

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HR startups solving troubles in the new abnormal

Startups are tackling work-from-home problems, Facebook is testing TikTok-style features in India, this e-tailer received US$58 million in funding. Source…

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The Weekly Snapshot: News from Luckin Coffee, Grab, Pinduoduo, and more

Here’s what you missed from last week’s headlines. Source link

China, coffee startups, Luckin Coffee, News, Startups

The instant rise and fall of Luckin Coffee

Luckin Coffee’s fortunes have changed in a flash. Here’s a timeline of what happened. Source link

China, coffee startups, Luckin Coffee, News, Startups

Luckin Coffee confirms $300m in fabricated revenue

It has terminated former top execs Jenny Qian and Jian Liu from the board, as well as some 12 employees…

Analysis, Coffee, fb, Food and beverage, Fore Coffee, Indonesia, Indonesia coffee, kopi kenangan, Luckin Coffee, new retail, O2O, online to offline, Premium Content, Startups

Why Kopi Kenangan leads Indonesia’s VC-backed coffee wars

Kopi Kenangan is no Luckin Coffee. But the consumer F&B business can be fickle, and things might change once the…