Fraud at China’s Luckin is a ‘great morality tale’ for investors, says analyst

Fraud at China’s Luckin is a ‘great morality tale’ for investors, says analyst

Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019.

Victor J. Blue | Bloomberg | Getty Images

The Luckin Coffee fraud scandal was a “great morality tale” for markets, and more needs to be done to…

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