On April 2, local time in the United States, Ruixing Coffee ’s internal investigation revealed that the false increase in the transaction value of RMB 2.2 billion during the second quarter to the fourth quarter of 2019 caused the stock price to plummet. On April 3, the reporter saw at Shanghai Jiuhai Parkson Ruixing Coffee Store that many citizens were waiting in line for the coffee they had purchased. Staff revealed that it takes at least half an hour to place an order on the spot. (Reporter Kang Yuzhan)
Editor-in-chief: [Luo Pan]