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Companies

Luckin Coffee fires top executives over fraud scandal

Sackings come after investor flight from coffee chain

Luckin Coffee CEO Jenny Qian Zhiya, right, exchanges a high-five with barista Andrea Lattuada during the company's IPO at the Nasdaq in New York in May 2019.   © Reuters

NEW YORK -- Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal.

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