Luckin Coffee26
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.
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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.
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Luckin Coffee said to be mulling new funding round
Luckin Coffee is mulling new funding round with participants including Foucstar Capital, local media reported.
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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.
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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.
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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.
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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.
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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
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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.
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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
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