1. China’s Luckin Coffee to Pay $180 Million Penalty to Settle Accounting Fraud Charges

    China’s Luckin Coffee to Pay $180 Million Penalty to Settle Accounting Fraud Charges

    Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges for “intentionally and materially” overstating its 2019 revenue and understating a net loss, U.S. regulators said on Wednesday...

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