Luckin Coffee
Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.
Luckin Coffee shares up as much as 19% after announcing 33% revenue growth for 2020
Since its delisting on June 29 last year, the company has accumulated a 990 percent gain in the Pink Sheets market.
Luckin Coffee said to be mulling new funding round
Luckin Coffee is mulling new funding round with participants including Foucstar Capital, local media reported.
Luckin Coffee reportedly has achieved overall profitability
Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.
Luckin Coffee sued by US stock investors in Shanghai, first case of its kind
There is no precedent for an investor suing a US-listed company in China, making this case the first of its kind.
Luckin Coffee signs investment deal with two shareholders
Under the agreement, Centurium Capital has agreed to invest approximately $240 million in a private placement of Luckin Coffee's senior convertible preferred stock.
Luckin Coffee said to be bringing in PE investment
Luckin Coffee is in talks with private equity (PE) firms for a new round of investment, and from more than one investor, Chinese media outlet PEdaily reported Wednesday.
Luckin Coffee stock jumps over 40% as it signs restructuring deal with major debt holders
Luckin Coffee is actively using multiple sources to raise capital, "and is currently in a 30-day internal discussion with credible investors to raise at least $250 million through a private placement," it said.
Luckin Coffee restructures organization after executive infighting ends
The shakeup involves a number of executives who signed a joint letter calling for chairman and CEO Guo Jinyi's removal for a number of failures, including corruption.
Luckin Coffee says internal investigation found no evidence of misconduct by chairman
On January 7, seven Luckin Coffee vice presidents, all branch general managers, and core business executives signed a joint letter requesting the removal of Guo as Luckin Coffee's chairman and CEO.