LK News and Press, Luckin Coffee

Luckin Coffee has a new auditor. Marcum Bernstein & Pinchuk has replaced EY as Luckin's auditor. MBP has picked up a number of Chinese companies where the Big Four auditor quits or is dismissed. For further details see: Luckin Gets A New Auditor

Delisted Luckin Coffee (LK) was fined by China's top commerce regulator after being found to have forged merchandise vouchers to inflate sales. The regulator said 43 companies helped Luckin inflate sales, expenses and operational data between April and December 2019. The total fines of 61M yu...

By ALT Perspective September started with the "fear of missing out" syndrome at a high. Chinese equities, however, did not perform as well early in the week, dragged down by an unabated hostility towards China . Thus, they lacked the "buffer" that the U.S. equities enjoyed before it was...

This article is part of a series that provides an ongoing analysis of the changes made to Stephen Mandel's 13F portfolio on a quarterly basis. It is based on Mandel's regulatory 13F Form filed on 08/14/2020. Please visit our Tracking Stephen Mandel's Lone Pine Capital Portfolio article for...

Prologue Imagine creating a portfolio in December. As any investor, S&P 500 is the benchmark you aim to beat, which means delivering 10-20% annual returns. So image seeing your portfolio just a few weeks in already returning what you had hoped for to get many months down the line. But li...

Two topics that seem to draw out the most cynics, on their own, are "ESG" and "China". ESG is an acronym for E nvironmental, S ocial, and G overnance factors used in making investment decisions, with " greenwashing " being just one accusation of many ESG funds. China, as I have come to appr...

Beike Zhaofang ( BEKE ) plans to offer 106M shares in a range of $17 to $19 to mark the biggest IPO by a Chinese company since iQIYI raised $2.4B in 2018. More news on: KE Holdings, Tencent Holdings Limited, SoftBank Group Corp., IPO News, Financial stocks news Read more ...

Luckin Coffee (Luckin) (LK) (LKNCY) has taken the spotlight as the largest and perhaps most audacious Chinese fraud yet. On April 2, Luckin said that Chief Operating Officer Jian Liu and some subordinates might have faked more than $300 million in revenue, more than a quarter's worth of repo...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . "This is the week when we find out if the real world is going to intrude on the stock market world," CNBC's Jim Cramer declared as...

Luckin Coffee (NASDAQ: LK ) names board member and former acting CEO Jinyi Guo as its new Chairman and CEO , replacing founder and former Chairman Charles Zhengyao Lu, who was voted out by shareholders at a general meeting on July 5. More news on: Luckin Coffee Inc., Consumer stocks new...