Luckin Coffee Faces Internal Strife, CEO Guo Jinyi Urged to Step Down
On the evening of Jan. 6, it was reported that middle and senior executives of Luckin Coffee signed a joint letter, accusing the current chairman and CEO Guo Jinyi of corruption, abuse of power to eradicate dissidents, and low capability to run the company. They collectively filed an appeal to the board of directors and shareholde…