Luckin’s Charles Lu survives first round of ouster

By Emma Lee

Luckin Coffee announced Thursday that Charles Lu will remain board chairman of the embattled Chinese beverage chain after a proposal to remove him from the position failed to get the number of votes needed to pass.

Why it matters: The struggle …

Luckin shares plunge 12% on second delisting warning

By Emma Lee

Shares of Luckin Coffee plunged 12.3% on Tuesday after disclosing that it received a second delisting notice from the Nasdaq exchange.

Why it matters: A second notice adds weight to the troubled coffee chain’s potential to delist. The…

Luckin faces effort to delist company from Nasdaq

By John Artman

Luckin Coffee has received notice from the Nasdaq stock exchange that the Xiamen-based coffee chain will be delisted. The announcement comes one day after a Reuters report claimed that the exchange will announce new rules that will increase scrutiny fo…