Investors beware: ‘Netflix of China’ under investigation

Investors beware: ‘Netflix of China’ under investigation
FPI / August 23, 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 […]
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