In racing past Starbucks, Luckin has not only dethroned a foreign brand that’s been synonymous with coffee for more than two decades in China, it has also declared a new chapter of its business as it tries to move on from its scandal-riddled past.
China’s 2013 hack of U.S. government personnel records exposed American LinkedIn users with security clearance to recruitment and blackmail. But how much does the U.S. really have to worry about Chinese spies anyway?
LinkedIn, which since 2014 has represented the largest social media portal through Beijing’s Great Firewall, has decided to close down its localized China version. Increased censorship pressure, compliance costs for new laws, local competition, and bad PR outside of China may have all contributed to the move.