Luckin Offices Raided by Chinese Regulators as Scandal Widens

Chinese investigators raided the offices of Luckin Coffee Inc. as part of a multi-agency investigation into its finances, according to a person familiar with the matter, as pressure grows on the formerly high-flying coffee chain at the center of an accounting scandal.

The raid was carried out jointly by officials from different government agencies on Sunday as part of an investigation led by the China Securities Regulatory Commission into the beleaguered startup, said the person who was not authorized to speak publicly.

The agencies also involved in the investigation include the State Administration for Market Regulation and the State Taxation ...