At least a dozen local governments have taken the lead from Beijing policies offering tax breaks and subsidies to boost car sales by devising their own incentives to stimulate auto industry... Read more
Scandal-plagued Luckin Coffee’s two founders, Lu Zhengyao and Qian Zhiya, have handed over shares in the Chinese chain to a group of lenders after a company controlled by Lu’s family de... Read more
JPMorgan Chase & Co.’s asset management arm said Friday it has reached an agreement with its partner to take full ownership of a Chinese mutual fund joint venture, reported Caixin. JPMor... Read more
Goldman Sachs said it would seize and sell Luckin Coffee shares from the chairman of the scandal-hit chain after he defaulted on the terms of a $518 million margin loan, reported the Financi... Read more
Last week’s piece was headlined “Facing A Recession,” and everything that has happened this week has confirmed that. This is now a recession. In the past day or two we have... Read more
