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Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked

2020/05/13 by James Hatton Leave a Comment

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

Luckin Coffee Scandal Derails Backer’s $2.5B Fund and More Asia Real Estate Headlines

2020/04/18 by James Hatton Leave a Comment

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

Luckin Coffee Boss Seeks to Limit Investor Exodus and More Asia Real Estate Headlines

2020/04/09 by James Hatton Leave a Comment

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>>

Luckin Coffee

Goldman Seizes Luckin Shares after $518M Default and More Asia Real Estate Headlines

2020/04/07 by James Hatton Leave a Comment

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>>

Luckin Coffee

Investigation Finds Luckin Coffee Faked $310M in Sales and More Asia Real Estate Headlines

2020/04/02 by James Hatton Leave a Comment

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>>

Oyo Hotel Guilin

Mainland Hoteliers Get Hostile With Oyo and More Asia Real Estate Headlines

2020/01/09 by James Hatton Leave a Comment

A Softbank-backed hotel chain leads Mingtiandi’s roundup of real estate headlines today with the news that hostile hostelry owners had stormed the startup’s Shanghai office in an attempt to collect overdue payments.

In other news around the region, the average… Read More>>

Luckin Coffee Q2 Losses Hit $92M and More Asia Real Estate Headlines

2019/08/17 by James Hatton Leave a Comment

Caffeine wars lead the way in Mingtiandi’s roundup of real estate headlines today as China’s pretender to the Starbucks throne roasted $92 million this past quarter in a bid to catch up with the US coffee titan.

In other news… Read More>>

Luckin Backer Centurium Raises $2B for Debut Fund and More Asia Real Estate Headlines 

2019/07/04 by James Hatton Leave a Comment

Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the backer of a Starbucks competitor has raised $2 billion in its debut private equity fund, which may provide a fresh pot of… Read More>>

Loss-making Luckin Coffee Hits $561M IPO Jackpot and More Asia Real Estate Headlines

2019/05/18 by James Hatton Leave a Comment

Coffee leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news that the Chinese rival to Starbucks has ground out $561 million from a larger-than-expected IPO, making the online to offline coffee chain full of beans.

… Read More>>

Wheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate Headlines

2019/05/07 by James Hatton Leave a Comment

In today’s roundup of real estate headlines from Asia, Hong Kong’s housing rebound leads the way with home sales reaching new records over the weekend.

Elsewhere in the region, the investors behind an online to offline coffee startup seem eager… Read More>>

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