China cracks down on fraud and tries to clean up image with Luckin probe
The entrance of the China Securities Regulatory Commission (CSRC).
Zhang Peng | LightRocket |Getty Images
In a period fraught with tensions with the U.S., China is trying to show it’s being serious about tackling fraud.
Nasdaq-listed Luckin Coffeesaid Monday it was cooperating with regulators, following reports of government investigation into the company over recently disclosed…