China’s top business and commerce regulator is investigating Luckin Coffee Inc., after the Nasdaq-listed coffee chain revealed that much of its 2019 … ( read original story …)
Monthly Archives For April 2020
U.S. proposes new restrictions on certain exports to China, filing says
The U.S. Department of Commerce on Monday proposed rule changes that would impose new restrictions on certain exports to China, according to a government filing. ( read original story …)
Luckin Coffee Office Raided As China Regulators Probe Fraud At Starbucks Rival
Luckin said earlier this month that more than $300 million in sales may have been fabricated last year, triggering a plunge in shares and investigations in the U.S. and China. ( read original story …)
U.S. imposes new restrictions on exports to China
The new rules will require licenses for U.S. companies to sell certain items to military entities, even if they are for civilian use, and do away with a civilian exception that allows certain U.S. (…
China Asks Banks to Halt New Sales of Products That May Lead to Unlimited Losses: Sources
China Banking and Insurance Regulatory Commission (CBIRC) gave verbal instructions to banks to halt new sales of products that could trigger open-ended losses for investors, and requested reports on … ( read original story …)
KFC serving plant-based chicken in China after US debut
The chicken chain is partnering with U.S food giant Cargill to debut its nuggets at participating stores in Shanghai, Guangzhou, and Shenzhen. ( read original story …)
Insights: How Goldman Sachs’ Sees Business in China
The company recently applied for 51% stake in their Chinese business and hopes to own 100%. ( read original story …)
Coronavirus vaccine from China-based biotech company protects monkeys from COVID-19: study
Although there is no known scientific cure for the disease known as COVID-19, researchers in China claim to have protected monkeys from getting infected, the first time this has happened with a … ( read…
Luckin Coffee Under Investigation by China’s Top Commerce Regulator
China’s top business and commerce regulator is investigating Luckin Coffee Inc., after the Nasdaq-listed coffee chain revealed that much of its 2019 … ( read original story …)
EU ‘Caved In’ to China Over Coronavirus Disinformation Report, Lawmaker Claims
Dutch MEP Bart Groothuis demanded that foreign policy chief Josep Borrell give a “full explanation to the European parliament” over allegations of a watered down report regarding Chinese … ( read original story …)
China kicks off IPO reform for Shenzhen’s start-up board ChiNext: state media
China on Monday kicked off a reform to fast track initial public offerings (IPOs) on Shenzhen’s start-up board ChiNext, as Beijing accelerates capital market restructuring to reinvigorate an economy … ( read original story …)
Russia Coronavirus Cases Overtake China as Vladimir Putin Faces Sharp Rise in Infections
Russia now has the ninth highest number of confirmed coronavirus infections in the world, with 794 having died from the pandemic so far. ( read original story …)
U.S. proposes new restrictions on certain exports to China — filing
The U.S. Department of Commerce on Monday proposed rule changes that would impose new restrictions on certain exports to China, according to a government filing. The department also amended a rule … ( read original…
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