NewsNasdaq to delist scandal-hit Luckin Coffee“The decision is out of my expectations,” said Luckin’s chairman Lu Zhengyao. 2 mins read
The COVID-19 lockdown increased membership revenue but stunted advertising revenue for iQiyi. NewsiQiyi’s advertising revenue slumps despite surge in subscribers during COVID-19 pandemic2 mins read
The new batch’s startups offer services to F&B businesses whose revenue has dropped because of the COVID-19 pandemic. NewsFive startups join Grab Ventures Velocity’s third accelerator cohort2 mins read
An expert in transport and logistics services, Guo Jinyi will look to steady the crisis-impacted firm navigating a fraud investigation and investor run. InsightsWho is Guo Jinyi, Luckin’s new acting CEO?2 mins read
The streaming service envisions a revenue-sharing model with local content creators and production houses to boost the Indonesian movie industry. Q&AGojek’s GoPlay on how to create a sustainable business and promote Indonesian movies: Q&A with GoPlay CEO Edy Sulistyo5 mins read
Dada Nexus’ IPO marks the second China-based company aiming to go public in the US after the Luckin Coffee scandal involving fraudulent financials. NewsDelivery company Dada Nexus latest China firm to file for US IPO2 mins read
COO Liu Jian was also fired along with Jenny Qian Zhiya as investors retreat and the board attempts a management reshuffle. NewsJenny Qian Zhiya fired as Luckin CEO as fraud probe deepens2 mins read
Former Chinese tech darling struggles to recover from ill-fated expansion push. NewsStreaming service Leshi poised for delisting as red ink mounts2 mins read
SF Holdings unveiled the Fengshi WeChat mini program, targeting corporate clients and individual consumers for food deliveries. NewsChina’s largest private courier SF Holdings enters food delivery sector, challenging Meituan and Ele.me2 mins read
