Luckin Coffee Fraud Explained! What ACTUALLY Happened!
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- เผยแพร่เมื่อ 3 ก.ค. 2020
- Luckin Coffee is an example of quick-to-IPO companies that don’t have all of its processes ready. In this video we discuss the founding by Jenny Qian and the deep involvement in the business by the board chairman Lu Zhengyao.
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As crazy as it is, Luckin has not only survived the scandal, but actually made a miracle comeback, posting full year profits for 2022. I made a video explaining their turnaround by breaking down its business strategy and comparing it with Starbucks China, could be interesting for you.
Man, great channel, cool and useful up-to-date videos and explanations! This deserves much more views. Subscribed.
Keep up the good work, bro.
Much appreciated Josh!!
Love your whiteboard approach. Much better than a slideshow.
Thanks ruthless! I am curious to know why you liked the whiteboard style. It would be good know that so I can apply this to my online courses too.
Really well explained, thanks for a great video!
Awesome glad it was clear
McDonald's make money from rent money and franchise fees. Starbucks is like a bank making gift cards like printing their own currency. The big mistake lukin made was actually selling coffee.
Interesting opinion :)
Tell more
It's still selling coffee business. If you don't sell, who will buy if you have nothing. China is a huge market. Western Competitors will as usual magnify a small start up problem. In reality Chinese population like coffee. And the company will succeed better and faster than Starbucks because they provide the brand, affordable cheaper drink, lower labour cost : lower operating cost, 50% IPO lower price than Starbucks
Hi Bill, great coverage of this video! Will you do any update anytime on it? Thanks :)
Thoughtful analysis, I like.
Thanks khetha
*Interestingly, as of November 2023 Luckin trades as a pink sheet with its price nearly 66% the 2020 peak equivalent.*
Hi Bill, thanks for your excellent videos. I know you have a focus on the US, but as you've touched on Wirecard and UK/EU VAT in the past, I wonder if you might ever cover the Patisserie Valerie scandal in the UK? Thanks!
I will check it out
Love this series. Do lehman brother, freddie mac and AIG pleaseeeeeee
Will do thanks
Thank you ❤❤❤
Interesting stuff!
Thanks for watching!
Could you also do a video about the Wirecard scandal ? I've heard people compare it to Enron but I still don't fully understand the scandal
Hey hoochiscrazy there is actually a conflict of interest that prevents me from discussing wirecard, but I have other exciting content planned :)
@@TheFinancialController oh ok then, thanks for the reply I really enjoy your videos keep it up
Great channel. What is the quickest way to decipher if a company is legitimate or not (i.e. whether or not it can turn into another Luckin Coffee)? Do you have an in depth analysis of Nio? What are your thought on Nio, Baba, and other companies listed on US markets?
Will do a video on Nio soon. With EVs, I like the best in class, aka Tesla
@@TheFinancialController Tesla is a solid mid, long term hold for sure. As a day, swing trader I trade any stock instrument with very high liquidity. However, I'm also looking to expand the long term portfolio and wondering if there's a quick way to assess a company's viability instead of having to fill out a drawn out DCF spreadsheet. Is there any method or service that quickly can tell me what the reasonable intrinsic value of a company is and whether they are honestly reporting or not? Should I just avoid anyone audited by Ernst and Young, for example? What are some quick red flag indicators for a company that's safe to invest in and what might not be.
These are all good questions. I will try to address them in future vids
@@TheFinancialController much appreciated. your channel and your background at PWC as a controller give you an edge over many channels. Glad to have found it by random chance.
Nice art work of its symbol
Thanks. Only took 9-10 attempts:)
Can you do one on GSX?
I will look into them. There have been a lot of buzz around them!!
4,900 locations in just 2 years !
Its China most populated country on earth.
This channel will explode soon...
cool guys don't look back at explosions :)
Luckin Coffee just applied for a trademark in the Philippines.
Every year there are a bunch of companies fall into a fraud by the same reason as lucking coffee etc
Great video, seems like a risky but worthy investment to me.
Yeah it might be, price seems low enough! Thanks for watching :)
now they are Luckout Coffee or lockout coffee
ZTO did the same thing today… that’s why I’m here lol
I watched corporate accounting frauds of ur channel. My question is that how can the shareholders identify frauds?? Coz we cannot trust auditors
Great question! The old trusted way is to monitor cash. If revenue is trending higher so should cash flow.
But how can I monitor cash??
Compare cash growth on balance sheet to revenue growth on income statement. I can explain this further in a future video :)
I used to work in fraud, granted nothing of this scale. But fraud is generally concealed. You really have no chance of detecting fraud without knowhow and access to private information.
Any chinese companies (communist country) can be fraud as the leaders of the countries themselves are frauds....I've always thought that's a given simple fact???
thanks，useful for my homework
Ah, my nationality has been exposed by my comma
Haha thanks. How did the comma expose your nationality?
,this is English comma and ，this is Chinese
But what was the actual fraud?
Hey Andrew, the details were not released by the time this was shot. I will be doing a follow up video with that soon.
@@TheFinancialController Ah ok thanks.
And they ran away with millions and millions of dollars........
At these prices is this stock a buy?
I would not buy it personally. Too much of a mess. There are other opportunities far better ;)
i hold 70 shares the best that could haopen is a relisting but first of all they need to save their shops from going bankrupt!
@@TheFinancialController What's the other opportunities that's better?
@@kadiru.4419 How you making out now?
@@bunnyman6321 to be honest i was scared and sold quick for a little profit and invested all of it into gazprom but you know what happened. politicis slapped my face and stocks to zero.
5:28 for a moment i thought the real life her popped her head up lol
Thanks for noticing my amazing graphics skills :)
Anyone here when its making a comeback
It has been climbing as of late. Fingers crossed 🤞 for them
admits
$14.95 now
That’s great
$6.90 now
@@kilmoturtles1 hunting apportunity I loaded yesterday.
@@tariqz1593 oh, I bought. I don't care that they claimed bankruptcy in the US; it was a strategic move. I like the company and its vision. If I lose a couple thousand, oh well. This is a risk, but one with high upside, and they already have their foot in the door
@@kilmoturtles1 $15-13
Thank you
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there is no fraud... they are making money.