Edition:
India

Jennifer Hughes

Demand for Luckin app surges as Chinese rush to drink up after admission of fraud

07 Apr 2020

BEIJING / HONG KONG Luckin Coffee's app has rocketed to become the second most popular in China as consumers rushed to claim a free drink that it has long offered for downloading, worried the chain might collapse after it said much of its sales last year were fabricated.

Luckin Coffee chairman defaults on loan, surrenders company shares

06 Apr 2020

HONG KONG/NEW YORK Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu's family defaulted on a $518 million margin loan, one of the banks said on Monday.

REFILE-Luckin Coffee chairman defaults on loan, surrenders company shares

06 Apr 2020

HONG KONG/NEW YORK, April 6 Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu's family defaulted on a $518 million margin loan, one of the banks said on Monday.

Hong Kong exchange chief warns of economic 'devastation' from protests

09 Jan 2020

HONG KONG The "depth of the devastation" inflicted on Hong Kong's economy by more than six months of anti-government protests will be seen in the coming weeks, the chief of the city's stock exchange operator said on Thursday.

CITIC poised to beat Goldman to become first China firm to lead Asia equity rankings

19 Dec 2019

HONG KONG CITIC Securities looks set to become the first Chinese firm to top annual equity capital markets (ECM) rankings for Asia-Pacific excluding Japan this year, a nose ahead of Goldman Sachs , according to data from Refinitiv.

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

13 Nov 2019

HONG KONG Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans. | Video

Exclusive: Boon for Hong Kong as Alibaba plans $15 billion listing in late November - sources

08 Nov 2019

Chinese retail titan Alibaba plans to list in Hong Kong in the final week of November, two people with direct knowledge said, aiming to raise up to $15 billion in a deal that signals a vote of confidence in the Asian financial hub. | Video

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