A week ago we didn’t know if regulators saw e-commerce as a market. The Sherpa’s case show that delivering food in English in Shanghai is a market.
Luckin may be kicked off Nasdaq over fraud admission as board seeks to rein in shady listings. Delisting would put Luckin in the company of penny stocks.
Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.
Chinese food delivery giants draw public ire, Dianping’s symbolic retreat is made official; and VC interest in e-commerce wanes.
The move is reminiscent of Alibaba’s recently launched ‘A100′ program, which aims to help companies’ digital transformation.
The company is currently worth $2.2 billion following a $200 million round of funding in December.
Waste-sorting has become a hot topic in the eastern Chinese city as online platforms seize on opportunities in the sector.
This isn’t the first time the company has conducted such a campaign.
Corruption was a trademark of China’s economic boom years, and now the attitude towards such practices is changing.
Iwjw, a self-claimed property unicorn, appears to have gone into liquidation.