Luckin founder resigns from his roles at car rental unit

Luckin founder resigns from his roles at car rental unit

Charles Zhengyao Lu, chairman and founder of Luckin Coffee, center left, and Jenny Qian Zhiya, CEO, center right, react as stocks start trading during the company's IPO on May 17. Photographer: Victor J. Blue/Bloomberg

The founder of scandal-plagued chain Luckin Coffee Inc. has resigned from his roles at the rental car company that was once one of his main business interests, in the latest unraveling of the empire of Lu Zhengyao, who also goes by Charles Lu.

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