The Luckin Scandal: Fake Sales, Power Struggles and a ‘Broken Model’ (Nikkei Asian Review)

Last year, Luckin Coffee was the darling of Chinese startups — it boasted more outlets in China than Starbucks and listed on the U.S. Nasdaq to great fanfare. It has since been delisted and faces the real danger of collapsing. How did it all go wrong? And can investors better spot these red flags in the future? READ MORE (ARTICLE CACHE)

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