China’s pretender Luckin Coffee Inc. grew during a blinding pace. It non-stop stores faster than Starbucks Corp., doubled a gratefulness to $12 billion 8 months after going open and gratified a big-name investors in a U.S.
Then, on Apr 2, Luckin pronounced many of a sales had been faked.
The startle brought a screeching stop to a three-year-old…