China's Luckin Coffee to pay $180 million penalty to settle accounting fraud charges - BEST WEBSITE FOR DAILY POPULAR WORLD TOP NEWS - JTN

Wednesday, December 16, 2020

China's Luckin Coffee to pay $180 million penalty to settle accounting fraud charges

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Luckin Coffee had "intentionally and materially" overstated its 2019 revenue and understated a net loss, U.S. regulators said on Wednesday.

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