China’s tip business and commerce regulator is questioning Luckin Coffee Inc., according to a chairman informed with a matter, after a pretender coffee sequence dumbfounded investors by divulgence that most of a 2019 sales were fabricated.
More than a dozen officers from a country’s State Administration for Market Regulation descended on Luckin Coffee’s domicile in Xiamen on Sunday, a chairman said, adding that they demanded entrance to a company’s accounts and other records. The association is complying with a requests for…