Not long ago, Luckin Coffee exposed financial fraud, and the General Administration of Market Supervision quickly set up a task force to investigate Luckin Coffee's alleged unfair competition behaviors such as false transactions. Investigation shows that in order to gain competitive advantage, Luckin Coffee Co., Ltd. and Luckin Coffee Co., Ltd. have unfair competition behaviors of making false achievements and publicizing them through false transactions, and relevant third-party companies have unfair competition behaviors of helping false propaganda. The Ministry of Finance will impose administrative penalties on the financial fraud of major operating entities in Luckin Coffee in accordance with the law, and promptly disclose the punishment results to the public. At present, the case is still under further review, and the punishment procedure still needs to be announced by relevant departments.

In April this year, Luckin Coffee, a listed US company, blew itself up and forged a transaction volume of 2.2 billion yuan? The related costs and expenses have correspondingly inflated, with inflated costs and expenses of more than 1.2 billion yuan and inflated profits of 980 million yuan. On that day, the stock price plummeted by 75.6%, and its market value shrank to $1.6 billion. The next day, it fell by 15.94%, and its market value shrank to1293 million. China Securities Regulatory Commission stated that it would pay close attention to Luckin Coffee's financial fraud and strongly condemn the company's financial fraud. No matter where it is listed, listed companies should strictly abide by the laws and rules of relevant markets and fulfill their information disclosure obligations truthfully, accurately and completely. China Securities Regulatory Commission will, in accordance with the relevant arrangements for international securities regulatory cooperation, check the relevant situation according to law, resolutely crack down on securities fraud and effectively protect the rights and interests of investors.

Headquartered in Xiamen, Luckin Coffee was founded by Qian Zhiya, the former COO of Shenzhou UCAR Group, and is the largest chain coffee brand in China? . With the vision of starting with coffee and making Ruixing a part of people's daily life, Luckin Coffee is committed to providing customers with high-quality, cost-effective and convenient products by making full use of the new retail model of mobile Internet and big data technology and deeply cooperating with top suppliers in various fields. Luckin Coffee's coffee beans won the gold medal in the IIAC International Coffee Tasting Competition for two years in a row. Luckin Coffee operates a series of drinks and foods. In addition to coffee and tea, Luckin Coffee cooperates with Louis Dreyfus in NFC juice and sells light food, nuts, snacks and other peripheral products. At the same time, Luckin Coffee entered the intelligent unmanned retail industry, and joined hands with top suppliers in the world to provide high-quality, cost-effective and convenient services.