This article only represents the author's own views.
Luckin Coffee Inc. (LKNCY.US) is roaring back to reclaim a place in the Chinese coffee shop, less than three years after a huge accounting scandal pushed it to near-collapse. The way things are brewing, the company could even pull off a re-listing in New York much sooner than anyone anticipated – capping what would be a remarkable turnaround after its earlier fall from grace.
Business is booming for the company, whose shares still trade over-the-counter in New York, as it aggressively opens new shops in its home China market. And it appears that Luckin may be preparing to serve up its special brand of high-tech, minimalist coffee shop overseas, with its first stop in Southeast Asia, foreign media reported this month. Luckin hasn’t commented on the reports. But in a sign it may already be moving in that direction, the company is recruiting store managers in Singapore, the reports said, citing online job postings.