Showing 1 - 5 of 5
Starbucks opens free study rooms to lure customers
Bloomberg News, Published on 23/07/2025
» BEIJING — Starbucks Corporation has launched free “study rooms” in some of its China outlets, the company’s latest initiative to help boost consumer traffic as domestic competition surges in its second-biggest market.
US fines China's Luckin Coffee $180 mn in fraud probe
AFP, Published on 17/12/2020
» NEW YORK - US securities regulators fined China's Luckin Coffee $180 million for defrauding investors over its financial performance, officials announced Wednesday.
US proposes tougher Wall Street rules for China firms
AFP, Published on 07/08/2020
» NEW YORK - US officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent scandals have prompted concerns about the reliability of some of the firms' documents.
Luckin Coffee sticks by chairman despite scandal over fake sales
AFP, Published on 03/07/2020
» BEIJING - Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year's revenue included millions of dollars in fake sales.
Luckin Coffee, Starbucks rival in China, files for US IPO
AFP, Published on 23/04/2019
» BEIJING: China's homegrown coffee chain Luckin Coffee has filed to list publicly in the US as the loss-making company battles to dethrone Starbucks in its home market.