Luckin Coffee Inc. is a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. As of March 2023, it managed 9,351 stores which included 6,310 self-operated stores and 3,041 partnership stores. Monthly active customer numbers reached 500 million in June 2022. On 18 July 2024, the total Luckin coffee store number reached 20,000. The company operates shops, stores, and kiosks that offer coffee, tea, and food. Customers need to download an app to order and pay for drinks online. Luckin is currently headquartered in Xiamen. Luckin Coffee quickly expanded over the years and outnumbered the number of Starbucks stores in China by 2019. In January 2020, short-seller Carson Block and his firm Muddy Waters Research published an anonymous 89-page investigative report on Twitter, claiming that Luckin Coffee had falsified financial and operational figures; the company denied the allegations. In April 2020, however, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. This resulted in the stock price crashing and several executives being fired. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. Wikipedia