China's market regulator launches probe into Luckin Coffee

China's market regulator launches probe into Luckin Coffee

FILE PHOTO: A cup of 'Luckin Coffee' coffee is poured during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File Photo

China’s top market regulator has launched an inspection into Luckin Coffee, joining the country’s securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating millions of dollars worth of sales deals.

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