Starbucks rival Luckin Coffee pays $180m to settle fraud charges in the US

Starbucks rival Luckin Coffee pays $180m to settle fraud charges in the US

A Luckin Coffee store in Beijing. Photographer: Gilles Sabrie/Bloomberg

Chinese startup Luckin Coffee Inc. said it had paid $180 million to settle fraud charges in the US, in what appeared to be the latest step of a campaign to relist on the Nasdaq 20 months after the Starbucks rival was booted in a fake revenue scandal.

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