A Luckin Coffee outlet in Shanghai. The Xiamen-based start-up operated 3,500 stores globally as of late last year. Photo: Bloomberg

Luckin Coffee fires CEO, COO after internal investigation into fabricated transactions

  • Six other employees involved in or with knowledge of the fraud have also been placed on suspension or leave: filing
  • Senior vice-president and director Guo Jinyi has been appointed acting CEO
Topic |   China economy
A Luckin Coffee outlet in Shanghai. The Xiamen-based start-up operated 3,500 stores globally as of late last year. Photo: Bloomberg
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