I saw Luckin's presentation at the ICR Conference last month and have to admit that I was impressed. We are short Luckin and believe that the work of th e anonymous short sellers was credible and complementary to our own analysis of the company’s reports. But as with so many other Chinese companies (it remains the Wild West over there), Luckin may not be all that it claims to be, as MarketWatch highlights: Luckin Coffee Inc stock sinks after anonymous report … Luckin Coffee Responds to Anonymous Report Containing Misleading and False Allegations Email Print Friendly Share February 03, 2020 08:10 ET | Source: Luckin Coffee Inc. Anonymous report. An online first service for young Chinese Millennials who ordered coffee on the go. Luckin Coffee was founded in Nov 2017 and immediately set off on a quest to topple Starbucks from its perch and become China’s favourite coffee chain. (Emphases added.) Luckin Coffee categorically denies all allegations in the Report. Industry Report How to profit off Global Warming: HVAC Market Research with Due Dilligence on 5 Air-Conditioner brands. Citron conveniently forgot to mention that in the tweet. 8. Muddy Waters said it has bet against the coffee chain after receiving an anonymous report on the stock, but Citron Research said that rather than selling Luckin short, it is holding the shares. Luckin Coffee Inc - ADR (NASDAQ: LK) stock was plunging 19% on Friday after Luckin short seller Muddy Waters Research tweeted a link to an anonymous report alleging Luckin … If you find this interesting please follow my account for more DD. Rui Ma dived deeper beyond the original story with an analysis of the anonymous report entitled “Luckin Coffee: Fraud + Fundamentally Broken Business”. Luckin Coffee Inc. LK, -1.46% is down 14.2% in Friday trading after an anonymous report received by short seller Muddy Waters Research that alleges the company is … BEIJING, China – Luckin Coffee Inc. yesterday issued the following responses to the allegations contained in an anonymous report (the “Report”), which was made public on January 31, 2020. Why Luckin Coffee Stock Is Tumbling Today Shares of the Chinese coffee chain took a dive after a short-seller report accused the company of fraud. Luckin has so far issued a blanket denial without providing confirmatory evidence. We start with a quick history of Luckin Coffee with Rui Ma breaking down the backstory on how Luckin Coffee’s alleged fraud came to light and the impact after the fallout.
2020 luckin coffee anonymous report pdf