Chinese customers and regulators push own claims on Luckin Coffee
Securities regulator in Beijing to probe sales scandal of Nasdaq-listed chain
Customers lined up on April 3 at Luckin Coffee outlets, like this one in Guangzhou, to redeem credit for free coffee. Orders flooded into its system causing its server to crash during the peak noon hour. (Photo by Yusuke Hinata)
NIKKI SUN and CK TAN, Nikkei staff writers | China
HONG KONG/SHANGHAI -- Chinese customers of troubled Luckin Coffee raced to use their remaining vouchers for coffee on Friday after an ongoing internal probe found the company to have fabricated sales of 2.2 billion yuan ($310 million) last year.
Orders flooded into its system causing its server to crash during the peak noon hour, the homegrown mainland Chinese chain said on its social media page.