Shen Xinyue
Stories by Shen Xinyue
Chinese consumer startups find taking on global titans is no easy task
Now, investors are becoming more cautious as revenue growth falters
Scandal-tainted China’s Luckin Coffee turns first ever operating profit in Q1
The firm was delisted from Nasdaq in June 2020
China’s private equity industry under growing pressure to score exits
The restoration of market confidence will require more time, industry experts said.
Starbucks rival Luckin Coffee pays $180m to settle fraud charges in the US
Over a week ago, Centurium Capital acquired a controlling stake in Luckin.
China’s Gen-Z inspires homegrown beverage-makers to take on global brands
The shift towards local consumer brands is fueling investor interest in startups and inflating valuations.
Chinese retailer Suning gets $500m bailout from state-backed fund
As part of the bailout, 5.59% of Suning's shares will be transferred to a state-controlled fund
How Chinese retailer Suning fell into crisis as JD.com surged
JD.com is valued at 12 times more than Suning.
Chinese premium tea chain Nayuki taps Hong Kong for IPO
The tea chain has shifted gears from an earlier plan to float shares in New York.
Luckin Coffee shareholders seek to reverse board changes
The company has been rocked by internal volatility since a $300 million fraud was brought to light in April.
BAIC buys stake in China’s biggest car rental firm from Luckin founder
The deal settled a month-long battle between China’s two leading automakers for the Car Inc. stake.
