“Expert Corner” is a special section on Bamboo Works where executives and professionals from investor relations, public relations, financial services and other related fields can share their expert views and perspectives on the latest trends in their sector. If you are interested in contributing, please contact us at info@thebambooworks.com

New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

Cloud services provider Cloopen disclosed it may have faked up to 80 million yuan in sales last year after being tipped off by its auditor, which later resigned By Doug Young A high-flying Chinese Starbucks imitator called Luckin (LKNCY.US) made global headlines around this time two years ago, tumbling from grace after admitting to massively cooking its books. Now, a much lower-profile, but similar, scandal is brewing at a Chinese cloud services company called Cloopen (RAAS.US), which is saying as much as 10% of its sales in last year’s second…

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Scandal-Ridden Luckin in Nascent Coffee Comeback. But Will Investors Take a Sip?

With strong first-half revenues and shares within striking distance of its $17 IPO price, Starbucks challenger could be positioning itself for a big-board relisting Key takeaways: Luckin Coffee’s latest post-scandal financial report shows revenue more than doubled in the first half of the year, as losses narrowed Reformed company’s shares have rebounded to just below their IPO price, as it moves to business model with new focus on franchising By Mia Shanley For better or worse, investors tend to have short memories. That’s especially the case with Luckin Coffee Inc.…

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