Recent events
Recent events tied to this brand in public sources.
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2020
Muddy Waters alleges fraud in YY Live business
Muddy Waters published a short-selling report alleging that about 90% of YY Live's livestreaming business involved fraud, including claims about gifts and revenue attributed to YY servers, bots, or streamer self-dealing. YY stated that the report contained errors and showed ignorance of the livestreaming industry and ecosystem.
2020
Luckin Coffee responds to Muddy Waters report
Luckin Coffee denied the allegations in a Muddy Waters short-selling report, disputed its data and methodology, and said it had reviewed and cross-checked its disclosed advertising expenses. The company said it planned to take appropriate measures to protect shareholders.