Company Index
Beiqi Foton Motor claims it could have doubled its reported gross profit to more than 1 billion yuan in the first half of this year if it had received the money for its 67% of automaker Borgward
Jul.26 2021 20:26 PM
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
Market regulation administration penalizes 2 Luckin units and 3 related entities the maximum $300,000 each for their roles in $304 million financial reporting fraud
Oct.13 2020 03:31 AM
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
Aug.4 2020 04:25 AM
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
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
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
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
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
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
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
Luckin’s costs are coming down, but competition for the coffee crown is getting fiercer
May.24 2019 20:44 PM
Fresh funds help company diversify from car-hailing as market matures
Jun.7 2017 18:22 PM
Operators raise combined $1.12 billion as investors bet on booming demand for alternate transport services
Mar.1 2017 17:38 PM