China’s market regulator inspects Luckin Coffee

Canada

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

SHANGHAI (Reuters) – Luckin Coffee (LK.O) said on Monday China’s State Administration for Market Regulation was carrying out work to understand the coffee chain’s operating situation and added that it was actively cooperating.

It also said in a statement posted on its official Weibo account that its company’s stores were operating as normal.

Reporting by Zoey Zhang and Brenda Goh, editing by Louise Heavens

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