Category: Management

Luckin Coffee B Revelations of Fraud 2020

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Luckin Coffee, an overseas coffee chain, has just filed a preliminary registration statement with the SEC as it seeks to raise $1.13 billion in its public offering of 56.7 million American depository shares. The company says that it has $14.8 billion in annual sales, $740 million in cash and $1.8 billion in cash equivalents, but there is more to the story. click for info Luckin Coffee has been plagued by accounting irregularities,

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Title: “The Company that Came From Nowhere, Now Wants 5 BILLION RMB For Frauds” Luckin Coffee Co. More hints Ltd., a China-based coffee chain, has been around for only six years, but it has made waves in the industry by expanding rapidly and becoming a significant player in the coffee market in China. However, in March 2020, the company announced that it would go public in the US, and this has changed everything. According to Forbes, Luckin has a

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In 2019, Luckin Coffee was one of the hottest stocks in the Chinese coffee market, with an initial public offering (IPO) priced above its estimated valuation. It boasted of “world’s largest low-cost coffee chain”, with more than 7,000 stores in mainland China and Vietnam, and had been growing like crazy in just the first 5 years of operation, as the following charts show: Apart from its strong initial growth, the stock performance has been very interesting. The

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One of the things that I think I know for sure is that the story of Luckin Coffee is a story of a great start. It all started in 2015 in Shanghai when they launched their first branded stores (the ones you see in the picture here). At first they sold only tea, and their drinks were just coffee, but within a few months they were able to add milk (for a fee) to their tea drinks, and they added a milk-free option as well. At the time they were only selling out of their

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I got a notification from a close friend today that Luckin Coffee Inc. Lost USD 117.7 million in the year 2019. Since then, their stock price has plunged from 218 USD to 15.10 USD, giving the company a market cap of around USD 430.6 million. Here are some more facts: 1. Luckin Coffee Losses Were a Result of the Pandemic In March 2020,

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Fate of the Vasa

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The Swedish navy has been fighting the Dutch for control of Stockholm for over 400 years. The two countries had been locked in a bitter rivalry ever since King John II in the 16th century commissioned the Vasa. The Vasa was designed by Ingvar Bolin, a young Swedish naval architect who had trained with the Royal Navy’s best. In a single year, he had perfected naval architecture and produced a ship that surpassed every design criteria of his time. The Vasa is considered the most beautiful and advanced warship

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I was thrilled to visit the Royal Palace of Stockholm on 23rd December 1628, as it marked the 40th anniversary of the city’s great victory over the Ottomans. It was one of the great events of the 17th century in Swedish history. It was an opportunity to witness the world’s first flying carpets—the “Taj Mahal of the Nordic region.” I had never heard of the Vasa before. She was launched on May 30, 1628—on the

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The Swan: A Wreck (and a Lesson for Shipbuilding) It’s no exaggeration to say that the Swan, an 18th-century Swedish warship, was built by Sweden’s greatest naval architects, Johan Bromann and Hans Kylberg, and the greatest shipbuilders, Johan Gabriel Söth and Carl Otto Söth. In 1741, Sweden’s grandest ambition was to launch the first naval fleet. That mission was accomplished, and the Swan became the star of Sweden

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The world was shattered with the sudden loss of Sweden’s great warship ‘Vasa’. The Vasa, which was the most advanced and beautiful warship ever built, sunk into the Baltic Sea off Helsinki on April 10, 1628. This tragic incident shook not just the nation of Sweden but the world as well. It was a catastrophe that would go down in history. The Vasa is the only fully-scaled model that could even come close to reproducing an actual 17th-century

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As one of the largest, fastest and most expensive warships in the world, the Vasa is often seen as a symbol of the Swedish Navy’s ingenuity and design prowess. However, a few years after her launch, the Vasa sank in the midst of Stockholm Bay, plunging into the freezing waters of the Baltic Sea. This is one of the most bizarre events in naval history. Despite the ship being of enormous size and having state-of-the-art technology, the Vasa sank, which,

Chilean Mining Rescue A

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In the summer of 2016, a mining accident occurred in a Chilean mine. 233 miners lost their lives and hundreds were injured. 36 days after the tragedy, 16 brave rescue workers made their way down to the mine, hoping to rescue the remaining survivors. After four days of darkness and uncertainty, they finally rescued 336 survivors, though not before losing two members of their team. Here are some key points from my original report: 1. The Chilean government has implemented

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Chile has one of the most pristine and geologically active mountainous regions in the world. With a terrain so varied, Chile’s mineral reserves are vast, and their geothermal power is one of the world’s largest, and Chile’s copper production is second in the world. Despite these advantages, a mining disaster occurred in the northern Chilean city of San Pedro de Atacama on the 27th of October 2010. The incident happened due to a deep mining collapse,

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In a large and challenging geographical area, it is impossible to have an individual plan, and every decision you make, no matter how well-meaning, will have the potential to cause a significant effect on the whole plan. It is the main reason why the mine rescue system is so successful, despite the many challenges and threats that can occur. It can be easily said that no single rescue operation is complete without its own set of difficulties, and those difficulties become exponentially more difficult if there are additional complications. In the case of the Chilean mining rescue,

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The Chilean mining disaster took place in August 2010. It is reported that 358 miners were trapped in the Pucón Mine in San José, Valparaiso region, in southern Chile. In 6 days, 326 miners managed to reach the surface, while 222 miners stayed trapped underground due to high air pressure and poor escape facilities. According to the Chilean Army, the cause of the tragedy was the inability of the rescue forces to manage a critical situation. The situation

AlphaGo C Birth of a New Intelligence

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Flipkart Leveraging Customer Analytics

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Flipkart is a leading online shopping platform, which provides customers with an easy way to buy groceries, electronics, fashion, books, and other everyday needs. The company has seen a significant increase in its sales, thanks to the convenience and ease of use of its e-commerce platform. However, while Flipkart has seen enormous success, some customers have had negative experiences that were not addressed adequately. These negative experiences have created dissatisfaction among the customers and left them feeling frustrated. To address these concerns, Flipkart

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Environmental Social and Governance ESG Reporting in the US

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Recovering Trust After Corporate Misconduct at Wells Fargo

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