After $300 Million Fraud, Luckin Coffee Plots a Nasdaq Comeback

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Xiamen-based Luckin Coffee was once hyped as the chain that would beat out Starbucks in China. But then, in 2020, one of the greatest scandals in coffee history dealt a venti sized blow to its chances against its Americano rival.

But two years after Luckin was exposed for fabricating $300 million in sales, news broke Wednesday that the company is mounting a comeback, and plans to relist on the Nasdaq after being kicked off the exchange.

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Source Fool.com