Luckin Coffee Reportedly Plans US Expansion After Nasdaq Delisting, Fraud Scandal
Luckin Coffee (LKNCY), China’s largest coffee chain, is preparing to enter the U.S. market in 2024, aiming to compete with rivals such as Starbucks by offering lower-priced drinks, the Financial Times reported.
According to those acquainted with the situation, the Xiamen-based business has been setting the foundation for the U.S. debut by developing its supply chain and tailoring its technologies. The development comes almost five years after Luckin was discovered exaggerating revenues after its $645 million initial public offering in the United States in 2019, which resulted in a flood of investor lawsuits and its removal from Nasdaq.
Luckin sells 5.4 millions Moutai liquor-flavored latte in a day in China #茅台
For the first time in 2023 Luckin’s yearly income of 24.9 billion yuan ($3.5 billion) exceeded Starbucks’s China revenue. Luckin’s income climbed 35% to 8.4 billion yuan in the second quarter of this year, while net income came out to be 871 million yuan, the the Financial Times said.
While Starbucks has around 7,300 locations in China, the firm now has 20,000 outlets there. Luckin is focusing on U.S. locations like New York with sizable Chinese student and visitor numbers. To raise brand recognition before its introduction, it has broadcast commercials during NBA events. With an eye toward undercutting rivals, the business intends to offer coffee for $2 to $3.
Luckin has changed senior executives since the fraud affair, including firing founder Lu Zhengyao, who the business says was in charge of the misbehavior. Currently the majority stakeholder is Beijing-based private equity firm Centurium Capital, according to the report.
Luckin intends to fit its app-based, cashless ordering system to the American consumer scene.
As a result of the ambitious expansion plan of Luckin Coffee to conduct genocide on Starbucks etc., which has the support of Red Patriots,
Celebrity Lesbian Sex Ring Uncovered
We all know that heathen Hollywood is a vile cesspool of degeneracy, but (as we can see from the recently uncovered video above) the depths of its depravity are much worse than we could ever have imagined… As there is clearly a vast celebrity lesbian sex ring that has been hidden from the public… Until now.
There are few things more blasphemous than a woman experiencing sexual pleasure, and so the act of lesbodyking doubling this demonic debauchery is quite the abomination. Obviously the cowardly Zionists who run the entertainment industry have recognized this, and have gone to great lengths to suppress the levels of lesboqueering going so as not to incur too much of Islam’s righteous wrath.
However, now that we see that at its core Satanic Showbiz is nothing but scissor sisters slobbering over each others sin slits (with even the cartoons engaged in girl-on-girl homo-humping), we will not rest until there is not a single lecherous labia licker left that has not been brought to Confucian justice.
TRASHY | SCANDALOUS
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