Hong Kong (CNN Business) Luckin Coffee's co-founder says he is losing sleep over Wall Street's decision to delist his company, and that he'll do what he can to ensure its survival. Starbucks SBUX Lu Zhengyao apologized this week for the scandal that has been plaguing the company once hailed as China's homegrown rival toLuckin LK admitted earlier this year that a good portion of its 2019 revenues were fabricated. Its shares collapsed following the revelations, falling more than 75% before being halted on April 6. "I can't sleep at night. If the company is delisted, it will surely face more difficulties and increased pressure," he added.

Source: CNN May 21, 2020 10:07 UTC