The Xiamen-headquartered fast-coffee chain will likely target places popular with Chinese tourists visiting Indonesia, Thailand and Singapore, a source says

The variable interest entity arrangement, used by big-name tech firms to list abroad, is under threat as China tackles national security risks

Shenzhen Component Index closed up 0.77%

Losses widened 77% in the year the coffee chain’s vast accounting fraud was revealed

Probe finds staff at China’s Starbucks competitor tampered with bank records and faked sales figures for much of 2019

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

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

Controlling shareholder Lu Zhenyao also penalized in latest regulatory findings against the car and coffee tycoon who faces other sanctions in Luckin fraud and possible criminal charges

China’s Beidou satellite navigation system achieves ‘100% made in China’ for core components; Alibaba pours investment into EV startup Xpeng Motors ahead of IPO

Sina’s CEO and controlling shareholder proposes a buyout valuing the company at $2.7 billion as U.S.-listed Chinese stocks go private; BlackRock bets on rebounding Asia markets

China-Europe travel will resume in an orderly manner, the Foreign Ministry says; China continues the tit-for-tat exchange with the U.S. on media access

National auditor uncovers previously hidden bad loan risks of small banks; using satellite data, regulator uncovers faulty figures at fishery firm

Yi Huiman tells Caixin regulatory collaboration depends on whether U.S. really wants resolution and declares that Hong Kong isn’t just China’s but is ‘the world’s Hong Kong’

Legislation would require companies to certify that they are not under the control of a foreign government

Concern about diversion of funds from the market under new mechanism makes little sense when people are still worried about excessive printing of money

State Administration for Market Regulation and securities regulator probe $310 million fraud that led to stock’s collapse on Nasdaq as coffee outlets in China continue operating

China loosens restrictions on medical equipment exports; coronavirus takes a greater toll on industrial profits

Producers would have to pay to unload oil amid demand slump; Hubei’s Jingzhou tries to restart housing market after Covid-19; China’s governments record steepest revenue drop on record

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