Starbucks competitor Luckin apologises for fraud scandal

Luckin Coffee, China's biggest rival to Starbucks, apologised on Sunday after it revealed a top executive may have faked 2.2 billion yuan ($ 310 million) worth of sales in 2019. "The company retains the right to take legal measures against those suspected to be involved, it will not shield them or be lenient," Luckin Coffee said in a statement on Weibo Sunday.