Nivedita Balu
Stories by Nivedita Balu
Alibaba, Richemont to invest $1.1b in luxury fashion retailer Farfetch
Alibaba is set to launch Farfetch shopping channels on its e-commerce sites Tmall Luxury Pavilion and Luxury Soho.
China’s Alibaba said to invest in online fashion retailer Farfetch
Farfetch counts Alibaba's competitors JD.com and Tencent Holdings Ltd among its investors.
Plant-based burger maker Impossible Foods raises $200m in fresh funding
The money will be used to expand research, develop new products and for internal operations.
Home rental company Airbnb’s quarterly revenue plunges 67%
Revenue fell to $335 million in the second quarter ended June 30, from more than $1 billion last year.
Tencent-backed Chinese realty company KE Holdings eyes $2b US IPO
The company owns real estate brokerage brand Lianjia and housing transactions platform Beike.
Luckin Coffee concludes internal probe ahead of vote on chairman removal
Luckin will vote on a proposal to remove its founder-chairman Charles Zhengyao Lu on July 2.
Tencent, Primavera to fund grocery delivery app Xingsheng Youxuan
The round comes amidst a surge in demand for grocery delivery as more consumers order from homes.
Nasdaq to suspend trading of China’s Luckin Coffee shares from Monday
Shares of the Chinese company, which was served with two de-listing notices over the last two months, tumbled 35 per cent.
Luckin gets another delisting notice from Nasdaq, shares slump 18%
Luckin Coffee has picked investment bank, Houlihan Lokey, for financial and strategic advice.
China’s Luckin Coffee sacks CEO, COO for alleged fraud
Jinyi Guo, a board director and a senior vice president, will take the top job on an interim basis.
