Luckin Coffee files for Chapter 15 bankruptcy protection in New York
Luckin Coffee, previously mired in a financial fraud scandal, filed for Chapter 15 bankruptcy protection under the US Bankruptcy Code in New York, according to Bloomberg.
Kuaishou soars 160% on HK debut, becomes China's fifth-largest listed Internet firm
Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.
Luckin Coffee establishes new technology company with registered capital of $1.5 million
Luckin Coffee, known as "China's Starbucks", has set up a new technology company in Hainan with a registered capital of RMB 10 million ($1.5 million).
SMIC withdraws from the US OTC market
China's leading contract chipmaker SMIC announced its withdrawal from the OTCQX, the US over-the-counter market, and the termination of the ADR Level 1 program on January 31.
Baidu reportedly plans to file for HK listing after Chinese New Year
Baidu started the process of secondary listing in Hong Kong on January 20 and plans to formally submit its listing application in Hong Kong after the Chinese New Year, according to Tencent News.