@wsj reporter on deals, PE, VC. Alum of @business @SCMPNews @LloydsList @JMSCHKU. Film aficionado. Non-fiction reader. Swine Flu survivor. Views are my own.
May 28, 2020 • 6 tweets • 3 min read
THREAD: The definitive story on #luckincoffee. My monthslong investigation into $LK's books and public records details how the onetime highflying $Sbux slayer fabricated transactions. via @wsjwsj.com/articles/behin…
It's a long read but it will be worth ur time. $LK primarily faked sales and expenses with companies connected to chairman Charles Lu, $CAR, Ucar, a fictitious employee called Lynn Liang. These companies bought large volumes of coffee vouchers that could be redeemed for coffees.