Banks Stand to Lose More Than $100 Million on Loan to Luckin's Chairman

Loan default follows sharp decline in Luckin Coffee’s share price after the Chinese coffee chain said much of its 2019 sales were fabricated.

Banks Stand to Lose More Than $100 Million on Loan to Luckin's Chairman
Loan default follows sharp decline in Luckin Coffee’s share price after the Chinese coffee chain said much of its 2019 sales were fabricated.