Luckin Coffee’s board initiates investigation into $300M potential fraud

China-based Luckin Coffee, the fastest growing coffee brand in the world, has over the years dazzled VCs, public market investors and, frankly, us with its dizzyingly high growth, expanding from a handful of stores and delivery kiosks to tens of thousands in a just a few years, quickly outpacing Starbucks’ aggressive expansion in the world’s … Continue reading Luckin Coffee’s board initiates investigation into $300M potential fraud