On Listed Enterprises Favoritism, Financial Short-Selling Brought About by Various Warnings and Countermeasures-Example Based on Luckin Coffee Co.

With the rapid development of the global economy and the maturity of the capital market, the number of financial fraud incidents of listed companies is increasing, which has become the focus of the market. This not only makes us ponder — what are the reasons that drive enterprises to commit frequent fraud and what lessons such incidents can bring us. This paper analyzes the history of Luckin Coffee Co., LTD. (hereinafter referred to as Luckin or Luckin Coffee), the causes of fraud, and introduces relevant academic documents to analyze the various warnings and relevant countermeasures brought by the short selling of Rising Company.