Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg
Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg

Luckin Coffee scandal sparks demand from Chinese tech firms for auditors to check online metrics data

  • Internet companies listed in China and abroad are increasingly asking auditors and consultants to validate data like number of daily active users
  • Luckin’s inflated turnover may have been achieved by fabricating online order volumes through its mobile app, according to a short-seller report

Topic |   Accounting and Auditing
Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg
Executives at Luckin were found to have inflated turnover between the second quarter and the fourth quarter of 2019. Photo: Bloomberg
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