Xiaolu Tea has a professional product research and development team and global suppliers. As a vibrant tea for young people, Xiaolu Tea has a number of product series including Bobo milk tea series, milk tea series, Corbis series and master coffee series, as well as global snacks and trendy products. By making full use of the new retail model of mobile Internet and big data technology, Luckin Coffee has deep cooperation with top suppliers in various fields and is committed to providing customers with high-quality, cost-effective and convenient products.
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Development course of Luckin Coffee:
On April 23rd, 2020, Luckin Coffee said in a document submitted to the Securities and Exchange Commission (SEC) that Thomas Meyer, an independent director of the company, had submitted his resignation. Mas Meyer resigned, leaving only three independent directors of the audit committee under the board of directors of Luckin Coffee.
On the evening of May 12, 2020, Luckin Coffee announced the adjustment of the board of directors and senior management, and the CEO and COO were suspended.
On May 26th, 2020, Luckin Coffee's share price continued to rise after its opening. As of 10: 52 am local time in the United States, Luckin Coffee's share price reached $2.23/share, an increase of 60.43%, with a total market value of about $559 million. It is worth noting that before the previous stock price crash, Luckin Coffee's highest share price in 52 weeks was 5 1.38 USD/share.
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