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Benzinga

AJ Fabino

From Exposing Fraud To Buying A Minority Stake: Luckin Coffee's Unlikely Comeback

Luckin Nasdaq Starbucks China Muddy Waters

If you’ve been investing for more than a few years, you likely remember the rise of what-was-supposed-to-be China’s Starbucks Corporation (NASDAQ:SBUX) competitor Luckin Coffee Inc (OTC:LKNCY) back in 2017.

Now, the same hedge fund manager that exposed the Chinese company’s shady accounting practices, which subsequently got its stock delisted from the Nasdaq in 2020, is actually backing the coffee chain.

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