The Latest Breaking News from Luckin

The food service industry has seen a massive uptick in recent years owing to easily accessible food delivery options and a rising personal income. Thus, investors looking to capitalize on this growth could invest in stable consumer experience stocks Starbucks (SBUX), Luckin Coffee (LKNCY), and Nathan's Famous (NATH). Read on….

Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold by local chains like Luckin Coffee.

Starbucks stock has been falling fast, thanks to market weakness and a recent, unwarranted analyst downgrade. Long-term investors should consider buying the dip now, as Wall Street overreacts to China fears.

The Starbucks challenger reported an operating profit of 1.16 billion yuan for 2022, coming off a loss of 539 million yuan the previous year

If you’ve been investing for more than a few years, you likely remember the rise of what-was-supposed-to-be China’s Starbucks Corporation (NASDAQ: SBUX) competitor Luckin Coffee Inc (OTCMKTS: LKNCY) back in 2017.

Key takeaways: •      Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

By Doug Young

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

Fourth-quarter revenue jumps and loss narrows as Chinese startup moves past 2020 fraud scandal and prepares to seek relisting of its stock in the U.S.