Luckin Coffee (瑞幸咖啡) Update - Potential Placement from Pledged Shares
Various news articles reported that Charles Lu Lu’s family defaulted on a US$518 million margin loan and had to hand over their pledged Luckin...
665 Views
Wirecard AG (WDI GR): Are the Allegations Against Wirecard Consistent with Each Other?
KPMG has not cleared Wirecard AG (WDI GR) (WDI) from the most serious allegation of using third-parties to engage in "round tipping". The focus on...
457 Views
Luckin Coffee: Cost & The Balance Sheet Side of the Fraud
It was reported on 2nd April 2020 that Luckin Coffee (LK US)’s COO, Mr. Jian Liu, and a number of his subordinates had engaged in fabricating...
614 Views
China Internet Weekly (6Apr2020): JD Founder Resigned, LK Cooked Book, BIDU & PDD's Odd Financing
JD.com (JD)’s founder resigned. Luckin Coffee (LK) cooked its books. Tencent (700 HK) WeChat Pay’s new function: consumer loan. Tencent (700 HK)...
450 Views
Car, Inc. – Accident Waiting To Happen?
* Bad Luckin: The shares of Luckin Coffee (LK.US) [Luckin] declined 84% and were suspended as result of Luckin’s announcement that an internal...
371 Views