(Bloomberg) — Luckin Coffee Inc., the ambitious startup that is challenging Starbucks Corp. in the race to dominate China’s growing coffee culture, filed for a U.S. initial public offering. The … ( read original story…
Tagged By blockchain
No, China Didn’t Ban Bitcoin Mining
If you’ve gone anywhere near the internet this month, you’ve probably heard about the untimely demise of China’s Bitcoin mining industry. As reported in many media outlets, some three quarters of … ( read original…
Starbucks rival Luckin Coffee files for IPO, eyes China dominance
Beijing-based chain Luckin Coffee on Monday filed for an initial … said it would look to raise $100 million in its IPO, but did not say how many shares would be offered for sale. The…
China’s First Blockchain-Enabled Notary Opens Office in Beijing
Hu Jiyu, a professor at the School of Business of China University of Political Science and Law, is also quoted stating that blockchain has the advantages of low cost, high efficiency and stability. ( read…
Chinese coffee chain Luckin files for Nasdaq IPO
China’s Luckin Coffee Inc on Monday filed for an initial public … set a placeholder amount of $100 million to indicate the size of the IPO, a filing with the regulator showed. The size of…
Week In Review: Chi-Med Plans $500 Million Hong Kong IPO
Hutchison China MediTech (Chi-Med) filed to IPO on the Hong Kong Exchange, following listings in London and on NASDAQ, where it has a market capitalization of over $4 billion. BioSense … ( read original story…
China’s economic powerhouse Guangdong posts steady first-quarter growth: media
BEIJING (Reuters) – Guangdong, China’s top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial production and infrastructure … ( read original story …)
Tesla investigates after car appears to explode in China
Hong Kong (CNN Business)Tesla is investigating after one of its vehicles appeared to explode in China. A short video of surveillance footage posted on Chinese social media site Weibo (WB) showed white … ( read…
China stocks slide on IPO announcements and real estate warning
Chinese stocks took a beating on Monday amid downward pressure from newly announced initial public offerings worth $1.4bn and a warning on real estate speculation from Beijing. The China Securities … ( read original story…
To survive trade battles, China manufacturers deploy every weapon they can
GUANGZHOU, China (Reuters) – Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers – giving discounts, tapping tax breaks, trimming workforces … ( read original story…
Are China YuHua Education Corporation Limited’s (HKG:6169) High Returns Really That Great?
China YuHua Education shapes up well under this analysis, but it is far from the only business delivering excellent numbers . You might also want to check this free collection of companies … ( read…
The Richest Man in China Is Wrong. 12-Hour Days Are No ‘Blessing.’
He recently praised China’s “996” practice … “The mandatory enforcement of 996 overtime culture not only reflects the arrogance of business managers, but also is unfair and impractical.” The truth … ( read original story…
Why the US-China rivalry will not end with a trade deal
“China has become much more explicit in its ambitions in the … It strengthened the government’s power to review – and potentially block – business deals involving foreign firms by expanding the type … (…
