SMARTKARMA RESEARCH
How Luckin Coffee Spilt the Beans
Luckin Coffee just plunged more than 80% on information that management and employees engaged in misconduct as early as 2Q2019. Smartkarma Insight Providers were consistently sceptical about the company’s financials – in this eBook, we have gathered their coverage going back to 2019.
Download for free
Smell the Coffee
SMARTKARMA RESEARCH
How Luckin Coffee Spilt the Beans
Luckin Coffee just plunged more than 80% on information that management and employees engaged in misconduct as early as 2Q2019. Smartkarma Insight Providers were consistently sceptical about the company’s financials – in this eBook, we have gathered their coverage going back to 2019.
Download for free
A Bitter Brew
Luckin Coffee positioned itself as the key rival to Starbucks in its native China, putting forward a mix of in-store experience and online ordering. In the course of two years, the company expanded to 3,500 locations across China went public in 2019.
But trouble was brewing all along – Insight Providers including Rickin Thakrar, Oshadhi Kumarasiri, Devi Subhakesan, and Zhen Zhou Toh consistently expressed concerns over profitability, cash burning, and questionable financial disclosures. Read their Insights in this expansive eBook.