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Luckin Coffee says internal investigation found no evidence of misconduct by chairman
On January 7, seven Luckin Coffee vice presidents, all branch general managers, and core business executives signed a joint letter ...
Baidu Q4 revenue up 5% YoY to $4.69 billion, beating expectations
Baidu shares rose 3.1 percent to $318.3 in after-hours trading on Thursday. The stock fell 5.37 percent to $308.68 on Thursday. ...
Tiger Brokers, 'Robinhood of China', gets $65M investment
Wu Tianhua, founder and CEO of Tiger Brokers, said the convertible bond financing funds will be used to enhance product developmen ...
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 C ...
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 H ...
The 'godfather' of China's smartphone industry made a fortune on GME
Duan sold 100 GME naked call options (equivalent to 10,000 GME shares) that expire on February 12 a few days ago, giving him a pro ...
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 terminati ...
Baidu reportedly plans to make secondary listing in HK as early as March
In the past two months, Baidu's stock price has risen nearly 90 percent. As of the close of trading on January 22, Baidu's market ...
Tencent is now worth more than China's six largest state-owned banks combined
At press time, Tencent rose 8.83 percent to HK$752 in Hong Kong, hitting another record high. Its total market capitalization is H ...
NetEase announces entry into video industry, investing $155 million to support creators
NetEase today announced its entry into the video space and will invest RMB 1 billion ($155 million) to support creators, becoming ...
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