Lower home prices in Hong Kong seem to have rekindled buyer demand as figures showing a 92 percent increase in housing sales lead today’s collection of real estate headlines from around the region.
Despite the rebound in… Read More>>
Luckin Coffee Set to Delist From NASDAQ and More Asia Real Estate Headlines
Yet another too good to be true online-to-offline venture took its latest step into oblivion this past week as Luckin Coffee decided not to resist its delisting from the NASDAQ exchange with the latest instalment in that tale leading Mingtiandi’s… Read More>>
Luckin Coffee Boss Said Facing Charges Over RMB 2.2B Sales Scam
Luckin Coffee chairman Charles Zhengyao Lu’s multi-billion dollar business empire is curdling like a week-old latte, as the founder of three listed companies is said to be in line for criminal charges over his role in a RMB 2.2 billion… Read More>>
Hong Kong April Retail Sales Plunge 36% and More Asia Real Estate Headlines
Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to stay away from the high streets in one Asia retail hub, triggering a 36 percent drop in purchases.
In other news… Read More>>
New HK Housing Rules Fuel Suspect Deals and More Asia Real Estate Headlines
Dubious sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with some strange trends in Hong Kong home sale prices leading some analysts to suspect fraudulent transactions being recorded to take advantage of new housing policies… Read More>>
Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked
Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company brought to light further evidence of wrongdoing related to an accounting fraud scandal exposed by short seller Muddy Waters Research in January.
The… Read More>>
Luckin Coffee Scandal Derails Backer’s $2.5B Fund and More Asia Real Estate Headlines
An accounting scandal leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a mainland private equity firm that is a major backer of the coffee chain accused of faking its sales has put… Read More>>
Luckin Coffee Boss Seeks to Limit Investor Exodus and More Asia Real Estate Headlines
A scandal-hit coffee company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the co-founder of a BlackRock-backed chain of skinny latte outlets may be stepping back from his other ventures to prevent… Read More>>
Goldman Seizes Luckin Shares after $518M Default and More Asia Real Estate Headlines
Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US investment bank is seizing shares in a scandal-hit coffee chain after the company’s chairman defaulted on a $518 million loan.
In… Read More>>
Investigation Finds Luckin Coffee Faked $310M in Sales and More Asia Real Estate Headlines
Greater China’s shopping situation was messy in the first quarter but Q2 might be on its way to surpassing the record retail wreckage of the first three months of 2020, as Luckin Coffee suspends its COO after an internal investigation… Read More>>
