U.S. investors alert: The ‘Netflix of China’ is under investigation for fraud
FPI / August 21, 2020 Commentary by Jason Orestes Luckin Coffee, a Chinese company listed in the U.S. was once worth nearly $13 billion before it was unearthed that half of its sales, some $300 million, was fraudulent. The stock plummeted well over 90 percent and decimated U.S. investors. This isn’t an isolated incident. Chinese […]