Post by Yasmin Razavi on X
Yasmin Razavi@YasminRazavi
XThe financial scandal at Luckin Coffee ($LK), the $12B Chinese startup that IPOd on Nasdaq last yr is crazy.
This wk Luckin ended an internal investigation confirming 2019 revenues were inflated by $300M. An anonymous short seller did A++ work to unveil the fraud in Jan/thread
1.9K likes58 repliesPosted Jul 3, 2020