Tag:Luckin Coffee fined for unfair competition 2020-10-12 19:29
The State Administration for Market Regulation, the top market regulator, fined five companies, including Luckin Coffee China Co Ltd, two million yuan ($298,000) each for unfair competition.
The administration issued an administrative penalty decision on Oct 12 stating Luckin Coffee China and Luckin Coffee Beijing, between April and Dec of last year, collaborated with multiple third-party companies to fabricate 123 million false coffee orders.
Luckin Coffee has hired individuals and enterprises to make orders, adding false incomes and forging banking transactions records, which has deceived and misled consumers, according to the administration.
The administration has ordered the coffee chain to cease its illegal activities.
Economic recovery points to strong momentum: Report
Over 7.5 million people sampled for COVID-19 testing in Qingdao
Luckin Coffee fined for unfair competition
Farming drives demand for micro aircraft
China's economy recovers with strong momentum during holidays
Mooncakes, hairy crabs among strong sales for upcoming holiday: Report
About Us Terms of Service Privacy Policy Contact Us
Hotline021-33392152
EZbuy WeChat
Mini-program
Enterprise WeChat
for Client Service
Shanghai Sinoexpo Informa Markets International Exhibition Co., Ltd. All rights reserved
沪ICP备05034851号-77
沪公网安备 31010402000467号