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题型:语法填空-短文语填 难度:0.4 引用次数:165 题号:14695089
Directions:After reading the passages below fill in the blanks to make the passage coherent and grammatically correct.For the blanks with a given word,fill in each blank with the proper form of the given word:for the other blanks,use one word that best fits each blank

Luckin Coffee Stock Collapses After News of Fake Data

Shares of Luckin Coffee Inc. sank over 80 percent after the company said one of its top managers and other employees had faked sales figures. The fast-growing Chinese coffee chain has suspended its chief operating officer Liu Jian and staff reporting to him.The decision came     1     the company's special committee conducted an internal investigation into issues in its financial statements for 2021.

Luckin Coffee,which has been described as a challenger to Starbucks,was one of China's few successful U.S. stock market listing last year. Founded in 2017,it was listed on the NASDAQ last May.It had set up some 4,500 stores in more than 40 cities across China by the end of 2019. Most of these stores are small "pick-up"stations     2     (locate) in office buildings or on college campuses that cater to online orders for pickup and delivery.

The Xiamen-based company said its own investigation had found that its fabricated sales figures,     3     had been reported starting from the second quarter of last year to the fourth quarter,     4     (amount) to about 22 billion yuan ($310 million).That's equal to about 40% of its estimated annual sales.

Luckin also said that it still needed to look into other costs and expenses that were considerably inflated during the same period. The company added that it is assessing the overall financial impact of the misconduct on its financial statements. At the same time, Luckin warned investors that they     5     no longer rely on its financial statements and earning releases for the nine months leading up to Sept. 30, which had indicated rapid growth. Its U.S.stock market value     6     (triple) since its IPO, topping S59 a share earlier this year. Investors, however, began to become cautious     7     there might be some serious issues at the company following the release of     8     critical report in January.

The 89-page anonymous report was sent to the high-profile investment firm Muddy Waters Research,which published it on January 31.The report alleged that Luckin had fabricated financial and operating figures from the third quarter of last year. At the time,Luckin strongly denied the allegations, describing them as "misleading and false."

    9     the fake sales investigation made headlines, Luckin said in a statement released on April 2 that it will "take all appropriate actions, including legal actions     10     the individuals responsible for the misconduct".

【知识点】 市场与经济

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