Newsfeeds - Spark Newswire

2 minute read

From Exposing Fraud To Buying A Minority Stake: Luckin Coffee’s Unlikely Comeback

Today, 12:05 PM

If you’ve been investing for more than a few years, you likely remember the rise of what-was-supposed-to-be China’s Starbucks Corporation (NASDAQ: SBUX) competitor Luckin Coffee Inc (OTCMKTS: LKNCY) back in 2017.

LKNCY

5 minute read

A Year After Splashy IPO, Missfresh Looks Well Past Its ‘Sell Date’

By The Bamboo Works

Today, 12:05 PM

Key Takeaways: Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages owed to former employees

DDL

5 minute read

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

By The Bamboo Works

Today, 12:05 PM

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

LKNCY

3 minute read

Asia
Markets

New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

By The Bamboo Works

Today, 12:05 PM

By Doug Young

LKNCY

2 minute read

EV Maker Li Auto Among 17 New Chinese Firms Facing Risk Of Getting Delisted In US

By Rachit Vats

Today, 12:05 PM

Li Auto Inc (NASDAQ: LI) is among 17 new U.S.-listed Chinese companies added to the U.S. Securities and Exchange Commission’s Holding Foreign Companies Accountable Act (HFCAA) list.

5 minute read

Luckin Coffee Nears Major Milestone with Imminent Emergence From Bankruptcy

By The Bamboo Works

Today, 12:05 PM

Key Takeaways:

LKNCY

5 minute read

New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

By The Bamboo Works

Today, 12:05 PM

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team

API

2 minute read

IPOs
News

Scandal-Hit Starbucks Rival Luckin Said To Be Scheming A US Relisting

By Shivdeep Dhaliwal

Today, 12:05 PM

Luckin Coffee Inc (OTC: LKNCY) is planning to list its shares once again in the United States nearly two years after the Chinese company was rocked by a $300 million accounting scandal.

LKNCY

5 minute read

Scandal-Ridden Luckin in Nascent Coffee Comeback. But Will Investors Take a Sip?

By The Bamboo Works

Today, 12:05 PM

Key takeaways: Luckin Coffee’s latest post-scandal financial report shows revenue more than doubled in the first half of the year, as losses narrowed Reformed company’s shares have rebounded to just below their IPO price, as it moves to business model with new focus on franchising By Mia Shanley

LKNCY

4 minute read

Starbucks Is Back!

By IAM Newswire

Today, 12:05 PM

The so-called "reopening boom" is benefiting Starbucks (NASDAQ: SBUX) along with others from the consumer niche that were hit hard during strict social-distancing limitations over the past year.

CMG