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New Details Emerge About Luckin Coffee Short Seller’s Takedown

From: benzinga.com

New details have emerged about an anonymous short seller report on Chinese coffee chain Luckin Coffee Inc, including the potential author and the methods used, The Wall Street Journal reported.

Multiple notable short sellers received an anonymous e-mail tip in January, noting “a new generation of Chinese Fraud 2.0 has emerged.”

The e-mail suggested Luckin Coffee is engaging in fraud and cited firsthand checks of more than 1,500 individuals at 15% of Luckin’s more than 4,000 stores in China, WSJ reported.

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