Luckin Coffee was a stock market darling with a reputation as a high-tech Starbucks killer. An accounting fraud scandal nearly killed the company in 2019. But Luckin has been making money again.
Soul is an AI-powered app that creates social circles for its users based on personality tests. It’s still tiny — only 6 million active daily users — but it’s backed by internet behemoth Tencent, and it’s about to raise a boatload of cash.
Sina Corporation, one of the original Chinese internet firms to join Nasdaq, has now gone private, even as its social media site, Sina Weibo, remains listed. Many Chinese companies are considering alternatives to U.S. capital markets amid U.S.-China tensions.
Airbnb is going to list on Nasdaq. Here’s what you need to know about its exposure to China.
The retreat of Chinese companies from American capital markets is an overblown story, argues Kevin Xu. On the contrary, the last year has seen the most Chinese fundraising in the U.S. since 2014.
Ninebot, the Chinese electric-scooter company that owns Segway, has become the first company to sell Chinese depository receipts (CDRs) at the Shanghai STAR market. Is this the start of a true Chinese competitor to Nasdaq?
Weibo owner Sina and search firm Sogou have announced they will go private and leave the Nasdaq and New York Stock Exchange, respectively. They are joining a collection of Chinese companies determined to rely less on U.S. markets as political tensions rise.
President Trump is giving regulators 60 days to come up with strategies for cracking down on U.S.-listed Chinese companies. Trump instructed his presidential working group on financial markets to look at ways to curb listings of Chinese companies that have not abided by U.S. accounting standards.
Amid push from U.S. lawmakers to tighten regulation of Chinese and other foreign companies that list of U.S. exchanges, NASDAQ has said it will delist Luckin Coffee. A legal challenge from the company may be forthcoming.