Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case
PYMNTS
SEPTEMBER 22, 2020
China's top regulator, the State Administration for Market Regulation, has fined coffee chain Luckin Coffee and other firms that helped it inflate its sales and expenses last year, The Wall Street Journal reported. The regulator said on Tuesday (Sept. That prompted the regulator to start the investigation.
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