The Fall Of Luckin Coffee

Sources:
https://www.bloomberg.com/news/features/2020-07-29/luckin-coffee-fraud-behind-starbucks-competitor-s-scandal

https://www.techinasia.com/instant-rise-fall-luckin-coffee

https://www.techinasia.com/luckin-coffee-confirms-300m-fabricated-revenue

https://www.jumpstartmag.com/how-luckin-coffee-spoiled-the-beans/

https://www.reuters.com/article/luckin-investigation-timeline/timeline-luckin-coffees-journey-from-hot-startup-to-5bln-share-wipeout-idUSL8N2BR2K5

https://www.cnbc.com/2020/12/17/chinas-luckin-coffee-to-pay-180-million-penalty-to-settle-fraud-case.html

https://www.reuters.com/article/us-usa-sec-luckincoffee/luckin-coffee-to-pay-180-million-penalty-to-settle-accounting-fraud-charges-u-s-sec-idUSKBN28Q34P

https://markets.businessinsider.com/news/stocks/reddit-wallstreetbets-trader-lost-life-savings-luckin-coffee-stock-decline-2020-6

https://www.statista.com/statistics/470775/net-income-or-loss-of-hertz-global-holdings/

https://www.marketwatch.com/story/hertz-buys-20-stake-in-china-auto-rental-2013-04-17

https://www.statista.com/statistics/277795/number-of-starbucks-stores-in-china/

https://www.statista.com/statistics/278698/annual-per-capita-income-of-households-in-china/

https://fred.stlouisfed.org/series/MEPAINUSA672N

https://stories.starbucks.com/press/2018/starbucks-and-alibaba-announce-partnership-to-transform-coffee-experience/

https://www.scmp.com/tech/big-tech/article/2163101/tencent-signs-partnership-deal-coffee-startup-luckin-challenge-alibaba

https://99firms.com/blog/wechat-statistics/#gref

https://www.cnbc.com/2019/04/18/chinas-luckin-coffee-raises-150-million-from-blackrock-and-others.html

https://www.restaurantbusinessonline.com/financing/fast-growing-luckin-coffee-admits-massive-fraud