Chinese regulator fines Luckin for unfair competition

renminbi_575px_adobe_22Sep2020
By Addison Gong
22 Sep 2020

The State Administration for Market Regulation (Samr) has concluded a five month investigation into Luckin Coffee over unfair competition, fining the company and nearly four dozen others that were also involved a total of Rmb61m ($9m).

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial