Affected by the data fraud scandal! Luckin Coffee APP and mini program are down, and some users' coupons have been cleared

On April 3, affected by Luckin Coffee's admission of data fraud of 2.2 billion yuan on April 2, many users chose to buy Luckin Coffee for takeout today. The Luckin Coffee APP and mini program caused line congestion, showing "System busy, please try again later" and "Service abnormality". In addition, one user's coupon homepage showed that there were originally several coupons, but after opening the page, it showed "No coupons yet".

On the evening of April 2, after Luckin Coffee was exposed for a 2.2 billion transaction fraud case, the president's office of Luckin Coffee issued an internal letter stating that four relevant parties, including COO Liu Jian, have been suspended, and the company has arranged other managers to take over the work originally in charge of the suspended personnel.

The internal letter stated that the board of directors had established a special committee as soon as it learned of the situation to conduct an independent and comprehensive investigation, and would promptly update the investigation results to regulators, the public and partners.

On April 2, Luckin Coffee was exposed for financial fraud, with forged transactions amounting to 2.2 billion yuan, and its stock price fell by more than 75% at one point. It is reported that Lu Zhengyao, the major shareholder of Luckin Coffee, is also the major shareholder of China Auto Rental, with a shareholding ratio of 29.76%. (Text | AI Finance Zhu Quanhong)