Luckin Coffee Fraud Explained
Автор: Wall Street Millennial
Загружено: 2021-07-08
Просмотров: 1508961
In this video we explain the Luckin Coffee fraud. Luckin Coffee is a Chinese premium coffee chain. It IPOed on the US stock market in 2019 and reached a valuation of $9 billion at the peak. However, it turned out a large portion of their revenue was fake. They were exposed as a fraud in early 2020 and delisted from the NASDAQ.
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