I remember they committed fraud in the past which caused their stock to tank in 2020. But now they are almost back at 2020 levels, planning US expansion and beat earnings? Since many other popular chinese stocks are still heavily hated and only know one direction (especially from tech sector) can anyone explain why Luckin is seemingly getting a lot of trust back from investors while the likes of Alibaba, Tencent, Baidu etc. not at all?
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