It was once valued at $12.7B. Now Luckin Coffee isn’t even a unicorn

How did they get listed in the first place in the US if they don't have to comply with regulators / laws?

Yeah, that’s what happens when you fraudulently account sales.

Quant Traders everywhere: - Lets use data to calculate the real value of the stock!<p>All the anti-fraud units everywhere: - But the data is bogus and manipulatable.<p>Quant Traders: - Then AI! Woho, here comes the money train!