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Luckin Coffee Fraud Explained

16 Views • 07/14/21
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erick rendoza
erick rendoza
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In this video we explain the Luckin Coffee fraud. Luckin Coffee is a Chinese premium coffee chain. It IPOed on the US stock market in 2019 and reached a valuation of $9 billion at the peak. However, it turned out a large portion of their revenue was fake. They were exposed as a fraud in early 2020 and delisted from the NASDAQ.

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1 Comments sort Sort By
TelepathicRapist
TelepathicRapist
3 years ago

Of course people must always be careful when purchasing individual stocks, and further even more careful when buying ADR's like this company, especially from china. China does not view "fraud" and accounting rules the same way the United States does.

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erick rendoza
erick rendoza
3 years ago

I should post another vid on china and corruption i did one last year on china/corporations

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TelepathicRapist
TelepathicRapist
3 years ago

@SQUEAK077: china is its own worst enemy. Imagine if western countries behaved like them, if they did, they would have no money because the US would never have developed enough to have the demand for the goods they produce. The country is rife with corruption, has horrible demographics that they will pay for in the future, and holds little value for human life. There are harrowing tales from westerners who went to the length to learn mandarin to conduct business dealings and they almost all describe the way they do business over there as slimy and corrupt. I understand the west may be no better these days, but at least at one time the average person here had a decent moral compass. The ideology of china is morally bankrupt in my view and is doomed to fail in the long run. I believe the CCP will fail in our lifetime and there will be a revolution soon in china as resources may become more scarce.

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TelepathicRapist
TelepathicRapist
3 years ago

@SQUEAK077: from a mgtow point of view, chinese men suffer greatly due to the one child policy, the demand for women is outstripping the supply. This is further compounded by a communistic system called "Hukou" where people are restricted to live and work in the region they were born, this prevents the upward mobility of the rural populations and makes those men that have more ideal Hukou registration in the more prominent areas of china more desirable to women who are in a position of power due to the limited supply

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erick rendoza
erick rendoza
3 years ago

@TelepathicRapist: I agree long ago a man showed this in videos he is not even online i do not think anymore he was asian mgtow. The laws in china are after 27 i think you must be married and one video out there shows a woman desperate even parks offer OLDER women educated ect to good men and parents try to find their daughters suiters and men want younger non educated the stay at home type not feminists.

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TelepathicRapist
TelepathicRapist
3 years ago

@SQUEAK077: wow that actually sounds pretty nice about providing women to men. I just dont see how exactly that is possible at this time because there is a gender imbalance due to the one child policy.

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erick rendoza
erick rendoza
3 years ago

@TelepathicRapist: that is if the men want women what i am told many chinese men get a toy or move out of the country if they can afford it. Women are not so great really even that female you see on you tube i forget her name she is a feminist i talked to her online a few months ago not knowing who she was.

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