Luckin faces penalties as Chinese regulators step in

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Luckin faces penalties as Chinese regulators step in

Rebecca Feng
August 03, 2020 10:00 AM
Luckin_Coffee_PA_575x375_03Aug20
NANJING, CHINA - JUNE 29, 2020 - Citizens taste their luckin coffee. Nanjing, Jiangsu Province, China, 28 June 2020. Luckin Coffee was officially suspended from trading on Nasdaq and delisted for filing on June 29, 2020. (Photo by Dongxu Fang / Costfoto/Sipa USA) | Costfoto/SIPA USA/PA Images

The Chinese Ministry of Finance and two other national regulators have concluded their investigations into fraud at Luckin Coffee. They will now impose administrative penalties.

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