Luckin Coffee

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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

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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…

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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…

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Nasdaq sends delisting notice to Luckin Coffee following fraud case

The move comes after Luckin admitted last month that US$310 million of its sales were fabricated. Source link

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Luckin Coffee fires CEO, COO amid fraud investigation

The company had earlier placed other employees involved in the case on suspension or leave. Source link

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Luckin Coffee shares dive as probe into alleged $310m fraud starts

The company former COO, Jian Liu, is believed to have inflated revenues by US$310.5 million. Source link

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Milk coffee will give birth to a new unicorn in Indonesia

A breakdown of the unit economics of milk coffee and the players involved in the industry. Source link

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Joy Capital closes $700M for early-stage investments in China – TechCrunch

Joy Capital, the venture capital firm that’s backed Luckin, NIO, Mobike and other investor darlings in China, just raised $700…