Analysis of Luckin Coffee's extraordinary comeback from its accounting scandal and how it subsequently surpassed Starbucks as China's largest coffee chain.

Luckin Coffee’s financial report showed a positive sign for the company’s development. It reported a net profit of CNY19.8 million in Q1 2022, the first time that the company’s quarterly operating profit turned positive since its establishment.

With opportunities yet to be explored in this coffee sea, it may be interesting to track the future release from the troubled Chinese coffee leader that survived all the internal and external adversities.

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