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Fraud at Luckin

China Fraud at Luckin News - Caixin Global

The Chinese Starbucks rival has been in hot water after revealing that it inflated its sales by $310 million last year. That scandal has dealt a fresh blow to the reputation of Chinese stocks in the U.S.

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09 23, 2020 13:43 PM

China Business Digest: China Pledges Carbon Neutrality by 2060; JD.com Eyes Hong Kong IPO for Health Unit

China, India pledge to cool border tensions; Sinopec among bidders for Exxon’s U.K. North Sea assets

09 23, 2020 09:18 AM

CX Daily: ‘Made in Hong Kong’ Ban May Have Little Impact on Trade

HSBC sinks to its lowest level in more than a decade. China's regulator fines Luckin Coffee and companies involved in its financial fraud

09 22, 2020 20:25 PM

China Business Digest: Regulator Piles Penalties on Luckin Coffee; Biotech Firm Raided for Alleged Import and Export Violations

ZTO Express prices HK shares at discount to NY closing price; hotelier Huazhu targeted by short seller alleging overstatement of profit as HK shares debut

09 22, 2020 19:50 PM

China’s Market Regulator Piles Penalties on Luckin Coffee Over Fraud Scandal

Authority hits two companies owned by Luckin and 43 others with a total of $9 million in fines for violating the country’s fair competition law

09 04, 2020 04:30 AM

SEC Probes China’s GSX Techedu Amid Tighter U.S. Scrutiny

Chinese education company reports regulator’s request for records since Jan. 1, 2017, following earlier financial reporting allegations by short sellers

09 03, 2020 19:48 PM

Opinion: As Chinese Firms Rush to List, Corporate Governance Should Come to the Fore

Properly overseeing a company requires more than just meeting the minimum legal requirements

09 01, 2020 02:15 AM

Credit Suisse Plans to Double China Headcount in Five Years

Shaking off link to Luckin scandal, Swiss banking giant aims to pour resources into tapping China’s growing millionaire market, aiming to double revenue

08 31, 2020 21:23 PM

China Business Digest: Nongfu Spring Prices HK IPO at Top of Range; Bank of China Profit Drops 11.5%

New export restrictions cast uncertainty over TikTok’s sale of U.S. assets; two more state-owned banks join China’s digital currency experiment; Citic won’t name HK CEO

08 27, 2020 12:17 PM

Caixin Business English 02 财新商业英语进阶计划 02

This program goes a step beyond our daily podcast. By highlighting and explaining key words, we offer a unique platform for you to learn more business words and understand how they are used in context.我们精心挑选播客中的专业商业英语词汇,加上专人撰写的词汇解释,为您呈现词汇在新闻和日常生活中的用法,祝您获得更流畅的英语事实表述和问题阐释能力。

08 25, 2020 15:41 PM

Trump Scrutiny Stymies China-Focused Venture Fundraising

The change marks a drastic reversal from the venture boom that fueled China’s tech industry in the past decade

08 21, 2020 18:14 PM

Reform and Opening Up? – A Look at China’s Financial Markets

Caixin Global Intelligence Virtual Boardroom,co-hosted by Caixin Global Intelligence and Asia Society Switzerland.

08 20, 2020 19:34 PM

Caixin Insight: ‘Dual Circulation’ Under the Spotlight Ahead of 14th Five-Year Plan

Plus, CBIRC chairman on the coming surge in bad debt, and a supreme court decision on the ChiNext registration system

08 19, 2020 20:41 PM

China’s Top Court Issues Guidelines to Deal With IPO Crime on ChiNext

As Shenzhen-based board rolls out new listing mechanism, guidance aims to ensure courts are equipped to deal with illegal activity

08 13, 2020 09:27 AM

CX Daily: U.S. Financial Watchdogs Release Dispute Details with Chinese Counterparts

A Macao bank is freed from U.S. sanctions. Xiaomi faces a “complex” global environment, its CEO says. Plus, France opens a probe into TikTok

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