The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?
Who is Luckin chairman Charles Lu, and why is he still running the show after the company admitted to major revenue fraud?
Lawyer of these Luckin investors said it is the first time investors have tried to hold a company accountable in China for fraud perpetrated on US markets.
Information asymmetries between tech-focused Chinese companies and US investors makes it easy for dishonest managers to lie to investors.
Luckin’s impending implosion has led to a lot of soul-searching with many questioning the environment that allowed Luckin to thrive.
After Luckin Coffee’s spectacular admission of fraud, more Chinese companies are finding themselves in the crosshairs of regulators and short sellers.
After Luckin touched off a short-selling bonanza, e-commerce and edtech are winning, but what about everyone else?
Iqiyi is no Luckin. While the company has problems, a short report from Wolfpack Research accusing it of overstating users and revenue is not convincing.
Elite boards that can overrule the board of directors are the latest fad in Chinese tech corporate governance.
Covid-19 hit the VC market while it was down. But there’s one bright spot for startups—new rules on mainland exchanges are powering a wave of domestic IPOs.