Luckin Coffee was supposed to be China's answer to Starbucks. Its U.S.-listed stock reached $51 a share, and sophisticated investors like BlackRock and J.P. Morgan...
The Hong Kong-based investor has a unique approach to China and thinks the current pandemic will actually slow U.S. efforts to decouple the two economies.
Meet the people behind Luckin Coffee, the institutional investors who fell for the inflated numbers, and the short-sellers who suspected it was too good to...