Luckin Coffee: Scandal-hit chain raided by regulators in China
One of China's most powerful regulators has raided the offices of Luckin Coffee after opening an investigation into the scandal-hit firm. Luckin vowed to overtake Starbucks as China's biggest coffee chain when it launched shares in the US last year. The company also said it was "actively co-operating" with the probe, and that its stores remained open across the country.
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