Luckin Coffee’s recent disclosure that it’s being investigated for accounting irregularities in the US and China has exacerbated concerns about potential misconduct. Photo: Reuters
Luckin Coffee’s recent disclosure that it’s being investigated for accounting irregularities in the US and China has exacerbated concerns about potential misconduct. Photo: Reuters

Markets

Scandal-hit Luckin Coffee's head steps down as chairman of Car Inc

Lu Zhengyao resigned as chairman and non-executive director of China’s biggest rental-car fleet operator

Bloomberg

June 10, 2020