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      • Yong Rong (HK) Asset Management Ltd. recently bought into Luckin and is now the company’s biggest institutional shareholder, data shows. Principal shareholders include Beijing-based investors Centurium Capital and Joy Capital.
      seekingalpha.com › article › 4463451-scandal-ridden-luckin-nascent-coffee-comeback-will-investors-take-sip

      Scandal-Ridden Luckin In Nascent Coffee Comeback. But Will ...

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  3. www.cnn.com › 2024/02/26 › businessIn China’s battle of the lattes, Luckin Coffee keeps ... - CNN

    Feb 26, 2024 · Luckin Coffee, the Chinese chain that has been rebuilding its business since a fraud scandal four years ago, has reported a commanding sales lead over rival Starbucks in the important China...

  4. www.axios.com › 2024/05/30 › luckin-coffee-starbucksChina's Luckin Coffee has overcome its fraud scandal - Axios

    1 day ago · Luckin now had more China stores and revenue than does Starbucks, which continues to invest in the country. That's helped drive shares over $18, up from its $1.39 per share depths in May 2020. The market cap has surpassed the IPO mark, and there's even chatter about it relisting on the Nasdaq.

  5. www.ft.com › content › a7bc61e6-bd22-44db-9eaf-86e72Luckin Coffee: can China’s Starbucks win back investors?

    Feb 9, 2022 · More than $20mn of its shares change hands in over-the-counter transactions every day, and the company’s market value has climbed back up to more than $3bn, after its shares lost 90 per cent...

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  7. www.ft.com › content › 59191f9d-f2ce-4dda-8756-283Luckin Coffee scandal catches out world’s most powerful investors

    Louis Dreyfus, one of the world’s biggest traders of orange juice and coffee, and Melvin Capital and Centurium Capital were also backers. Shares in Luckin crashed more than 70 per cent on...

  8. edition.cnn.com › 2022/05/25 › investingLuckin Coffee is back and bigger than Starbucks in China

    Shares in the company now trade over the counter in the United States, giving the company a market cap of $2.2 billion, compared with more than $4 billion when it went public. The Eileen Gu effect

  9. news.bloomberglaw.com › private-equity › centuriumCenturium Eyes New Backers for China’s Starbucks Rival Luckin

    May 23, 2024 · Luckin has overtaken Starbucks to be China’s top coffee chain. Centurium Capital Partners is considering bringing in fresh backers for Luckin Coffee Inc., in which it became a controlling shareholder in January 2022 following an accounting scandal at the company. Luckin’s fortunes have changed since it was delisted from the Nasdaq in 2020 ...

  10. www.msn.com › en-us › moneyChina's Luckin Coffee has overcome its fraud scandal - MSN

    Luckin Coffee's fortunes have perked up, four years after an accounting scandal cost the Chinese company its top executives, its Nasdaq listing, and $180 million in fines. Why it matters: Many had ...

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