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.
China issues additional quotas for outbound investment. President Xi will attend the Davos Agenda 2021 event next week
Investors’ interests remain inadequately protected despite progress in such cases
Coffee chain operator hit by fraud scandal seeks investors in 22 provinces as it tries to get back on its feet
Honor works with Qualcomm on 5G devices. China’s top chipmaker stops trading shares in the U.S.
In a letter to the company’s board, the managers accused Guo Jinyi of cronyism, abuse of power and abysmal decision-making
Setbacks for telecoms giant Huawei, internet sensation TikTok and Starbucks challenger Luckin reflect increasing pushback against Chinese high-tech firms
Court document shows Chinese coffee chain reached profitability in August 2020, a year later than it initially claimed; Luckin now sees annual revenue of 3.8-4.2 billion yuan this year
Analysts with overseas investment banks are optimistic about China's economy in 2021. Hong Kong's regulator issues the first crypto exchange license
Probe finds staff at China’s Starbucks competitor tampered with bank records and faked sales figures for much of 2019
CSRC says it firmly opposes practice of ‘politicizing securities supervision’
China encourages more domestic investment abroad. Hong Kong chief executive has to keep “piles of cash” at home due to U.S. sanctions
A car rental firm owned by Lu Zhengyao reported incorrect asset figures, while another of his businesses did not disclose its relationship with Luckin
Securities regulatory commission reaffirms commitment to joint inspections and calls for dialogue as SEC pushes delisting regulation