China's Luckin Coffee gets $240m investment from two shareholders

China's Luckin Coffee gets $240m investment from two shareholders

FILE PHOTO: A cup of 'Luckin Coffee' coffee is poured during the company's IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File Photo

China’s Luckin Coffee Inc said on Thursday it would receive a $240 million investment from two shareholders, as the coffee chain tries to recover from an accounting fraud last year that derailed its business.