Luckin Coffee (OTC:LKNCY), the Chinese coffee chain, has made a remarkable recovery after a major accounting scandal in 2020. The company has not only survived but has also emerged as a fierce competitor to Starbucks Corporation (NASDAQ:SBUX). What Happened: Luckin Coffee, once considered China’s answer to Starbucks, has made a surprising comeback, reported Bloomberg on Thursday. The company’s low-cost lattes have attracted a growing customer base, propelling it to become China’s largest coffee retailer, surpassing Starbucks. Despite the scandal, Luckin has managed to expand its business to ov…