Luckin Coffee

Rare card · No. 69453

Luckin Coffee Inc. (Chinese: 瑞幸咖啡; pinyin: Ruìxìng Kāfēi) is a Chinese coffee company and coffeehouse chain founded in Beijing in 2017. In the first half of 2026, Luckin had 35,000 stores globally. The company operates shops, stores, and kiosks that offer coffee, tea, and food, generally at lower prices than their competitors. Purchases can only be made using an online app. Luckin is headquartered in Xiamen, Fujian. The company has expanded rapidly since its founding, and by 2019, its stores outnumbered Starbucks locations in China. In 2020, short-seller Carson Block and his firm Muddy Waters Research published an anonymous 89-page investigative report on Twitter, claiming that the company had falsified financial and operational figures; the company denied the allegations. In April 2020, however, Luckin revealed that it had inflated its 2019 sales revenue by up to US$310 million. This resulted in its stock price crashing and several executives being fired. Trading was suspended, and the...

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