Despite a 2.2 billion RMB (US$ 310.7 million) financial fraud, Luckin Coffee has been maintaining normal operations at thousands of its stores across China, and a juice JV company was just founded before the financial scandal.
According to Tianyancha (a large data technology service company with a vast repository of Chinese enterprise information), Luckin Juice Technology (Xiamen) Co., Ltd. was founded on March 30th, 2020, with a registered capital of US$10 million. Among Luckin Juice’s equity, Louis Dreyfus Company Juices Holding B.V. accounts for 40 . . .
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