Caixin
Company Index
Car Inc.
Car Inc.
NEWS
company-info
Another Chinese developer defaults. The new U.S. government should abandon Trump’s "misguided policies," China’s top diplomat urges
Feb.3 2021 09:43 AM
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Car Inc.’s shares more than doubled in the year after their 2014 IPO, but now the company is privatizing after its growth stalled
Feb.2 2021 18:46 PM
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Ucar’s sale of 20.86% of Car Inc. will raise significantly more than an unconsummated earlier deal to offload the stake, thanks to a recent surge in the company’s stock
Nov.12 2020 19:21 PM
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Deal worth $245 million brokered by authorities ends month-long battle between China’s two biggest automakers as Lu Zhenyao’s empire teeters
Jul.21 2020 04:37 AM
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AI chipmaker Cambricon shares more than triple on trading debut; Hong Kong posts record one-day rise in Covid-19 cases
Jul.20 2020 19:41 PM
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Jinyi Guo, who stepped up as acting CEO in May, was given the job permanently, along with the chair position
Jul.14 2020 13:46 PM
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Surprise $254 million deal beating out BAIC would provide an exit for embattled Lu Zhenyao amid Luckin’s financial reporting fraud scandal
Jul.3 2020 03:49 AM
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ByteDance could lose more than $6 billion after India banned its popular TikTok video-sharing app; embattled Jia Yueting completes U.S. personal bankruptcy
Jul.2 2020 20:42 PM
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Action against embattled Lu Zhengyao took place in April, according to Ucar Inc., shortly after Luckin’s disclosure of massive fraud
Jun.11 2020 19:48 PM
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Luckin founder completes break with rental car unit; Indonesia holds talks with U.S. to lure companies from China
Jun.10 2020 23:41 PM
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Lu Zhengyao’s resignation as chairman of rental car specialist Car Inc. comes two weeks after announcement that he would sever financial ties with the company
Jun.10 2020 19:39 PM
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The sale of Ucar’s 21.26% stake in Car Inc. to BAIC Group could help scandal-plagued coffee chain’s founder Lu Zhengyao raise around $100 million in much-needed cash
Jun.1 2020 20:19 PM
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Swiss bank may be on the hook for $100 million of defaulted loans to Luckin founder Lu Zhengyao in what CEO calls ‘unfortunate’ episode
Apr.24 2020 02:49 AM
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Lu Zhengyao’s Ucar could raise up to $145 million by selling down its stock in Car Inc., whose largest shareholder could soon become U.S. private equity giant Warburg Pincus
Apr.20 2020 19:27 PM
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Before the value-crushing financial fraud, the rocket rise of a stock market darling was fueled by the cash-burning business strategy of founder Lu Zhengyao
Apr.20 2020 06:41 AM
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Lu Zhengyao’s Ucar failed to repay $270 million that was due in January, and has now negotiated a new plan to pay by the end of this year
Apr.10 2020 21:24 PM
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Lu Zhengyao defaults on $518 million loan, while Moody’s also downgrades credit ratings for his car rental company
Apr.7 2020 18:13 PM
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Caixin China services PMI comes off all-time low; global coronavirus cases pass 1 million, Luckin’s stock tanks
Apr.5 2020 21:31 PM
Luckin’s costs are coming down, but competition for the coffee crown is getting fiercer
May.24 2019 20:44 PM
company-info
Luckin Inc. could post small gain in New York trading debut this week, but is likely to sag afterwards due to lack of track record
May.15 2019 10:30 AM