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edition.cnn.com

China’s Luckin Coffee plunges 80% on accounting probe – CNN

by edition.cnn.com via GoorufBot
12 hours ago
New York (CNN Business) Luckin Coffee has become a phenomenon in China -- and with Wall Street investors -- due to stunning growth. Shares of Luckin Coffee ( LK ) plunged 80% in early trading Thursday after the company disclosed in a regulatory filing with the Securities and Exchange Commission that its board had formed [...]
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