Display panel manufacturer fails to pay $10 million in interest on two notes

For Luckin Coffee, more boardroom drama seems to be coming. Plus, a Chinese AI company sues Apple for $1.43 billion.

The company has come under scrutiny by the Shenzhen exchange after it missed a 1.87 billion yuan bond payment in November

The default shines a light on the company’s odd practice of carrying substantial debt at high cost while reporting hefty bank balances