Jian Liu is the former COO of China-based coffee company Luckin Coffee. He allegedly fabricated over $300,000,000 million dollars in sales causing the company's stock to plummet by 83%, wiping out about $5,000,000,000 from its market value.^[1]

Jian Liu earned a bachelor’s degree in labor and social security from the Central University of Finance and Economics in June of 2005.^[3]

Mr. Liu was the deputy head of the vehicle management center and the head of yield management for CAR Inc. He later served as the head of yield management for UCAR Inc. from 2015 to 2018.^[3]

Jian Liu started as the chief operating officer of Luckin Coffee in May of 2018, he began working as the financial director in February of 2019.

In early 2020, Jian Liu was caught allegedly inflating sales numbers by creating fake transactions.

An internal investigation uncovered that over $300,000,000 in fake sales were put on the books.

Immediately after news broke, Luckin Coffee shares plummeted over 80% in pre-market trading, draining nearly $5 billion from its market value.^[2]

An audit into the companies financial activities began shortly after two high profile executives joined the company's board, Tianruo Pu, the former CFO of Zhaopin and UTStarcom, as well as Wai Yuen Chong, a supply chain executive who had worked at Charoen Pokphand Group and Starbucks. ^[2]