The surge of growth is a testament to a unique business environment, as well as a population more than three times larger than the U.S. At the same time, it bears all the… The United…
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Luckin Coffee, China’s aspiring Starbucks rival, serves up a hot U.S. IPO
Shares of China’s Luckin Coffee Inc surged 47 per cent in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in the Asian country. The … ( read…
In wake of Huawei blacklisting, China says U.S. needs to show sincerity in trade talks
On Thursday, Washington put telecoms equipment maker Huawei Technologies Co Ltd, one of China’s biggest and most successful companies, on a blacklist that could make it extremely difficult for the … ( read original story…
China’s central bank will intervene to keep yuan above 7-to-the-dollar level: sources
China’s central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the … ( read original story…
Starbucks’ China challenger Luckin raises $561 million in U.S. IPO
NEW YORK/HONG KONG (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted range and sold more … (…
Starbucks’ China challenger Luckin Coffee will price IPO at $17 a share
Amazon is leading a $575 million funding round for Deliveroo, taking the total the food delivery firm has raised to date up to $1.53 billion. Singapore Airlines’ order of 31 Boeing 737 Max jets ……
China’s Luckin Coffee raises up to $651M in upsized US IPO
Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after … ( read original story…
Luckin Coffee IPO Values Starbucks’ China Rival at $4.2 Billion on Nasdaq Debut
Luckin Coffee Inc. (LK) priced its planned IPO at the higher end of its target range, the company said Friday. setting up a debut on the Nasdaq that will value the China-based rival to Starbucks…
Starbucks’ China challenger Luckin raises $561 million in U.S. IPO: sources
NEW YORK/HONG KONG (Reuters) – Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted price range and sold more ……
China charges detained Canadians with espionage hours after U.S. bans Huawei
China’s confirmation of the formal charges came just as the U.S. government all but banned American companies from doing business with Chinese tech giant Huawei, a move that could badly cripple … ( read original…
China’s Luckin Coffee valued at $4bn in upsized US IPO
Luckin Coffee has raised $561m in an initial public offering that gives the Chinese start-up a market valuation of roughly $4bn, less than two years after the company opened its first outlet in … (…
In China’s heartland, once-flush shoppers turn cautious
The 29-year-old real estate agent cheerfully admits to having shopaholic ways and a love of Louis Vuitton and Prada handbags, typifying a wave of free-spending consumers who have had the world’s top … ( read…
Online Shopping in China Goes Luxury, With Men in Black Delivering Hermes
But many in China are now making those high-end purchases online, a challenge for companies that have built their businesses and the aura around their brands by coddling shoppers inside swanky … ( read original…
