Chinese electric vehicle (EV) maker Li Auto Inc. has filed for a US initial public offering of up to $100 million, seeking to list its stock on the Nasdaq.
BlueCity Holdings (Nasdaq: BLCT), the operator of Chinese gay dating platform Blued and LGBTQ online community, has gotten off to a good start on Wednesday as the company carried out its public trading on Nasdaq.
Chinese co-working space provider Ucommune has entered into a merger agreement with New York-based acquisition company Orisun Acquisition Corp.
Luckin Coffee Inc. said Thursday that its co-founder Charles Zhengyao Lu will remain chairman, after the board of directors failed to oust him.
Workforce operations platform Quhuo Limited (QH) announced it had filed a registration statement with the US Securities and Exchange Commission (SEC).
Chinese coffee chain Luckin Coffee’s Chairman Charles Zhengyao Lu has faced criminal charges based on evidence of his involvement in financial scandals and the company’s internal investigation, local media reported on Wednesday.
Share of Agora Inc, a platform that allows customers to embed voice and video in their applications. rose 145% to $49.19 after its IPO.
While Fraud-hit Luckin Coffee Shares will be suspended from Nasdaq, Luckin Coffee continues to provide quality products and services to its customers.
Tuniu Corp. (TOUR) reported Wednesday a net loss of 201.5 million yuan ($29.5 million) on revenue of 174 million yuan, a year-on-year decrease of 61.9%, in Q1 2020.
While authorities found Luckin Coffee Inc paid taxes on bogus transactions, its CEO said their business model is correct and willing to participate in any investigations.
While media reported that Megvii suspended its IPO listing in HK, Megvii told us it's false.
With continuous increase in its net revenue, on-demand delivery firm Dada Group launched its IPO process on Nasdaq, hoping to expand.
Chinese are the largest tourist demographic on earth, and as China and many other countries keep their borders closed, companies servicing this massive body of travelers are experiencing enormous losses.
On the evening of May 21, Reuters reported that Baidu was considering delisting from NASDAQ to boost its valuation. Baidu responded to The Economic Observer later claiming this was a false rumor.
Luckin Coffee shares took a 36% dive on Wednesday after the company resumed trading on Nasdaq, following a delisting notice from the exchange on grounds of financial fraud.