Luckin said it will request a hearing in the matter to ask for continued listing. However, experts said a delisting is inevitable for the company as it has already caused severe losses for investors. But the debacle is also not a blot on the image of other Chinese firms planning overseas listings, they said.
MILAN/PARIS-Fiat Chrysler pitched a finely balanced merger of equals to Renault last week in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world's third-biggest carmaker.
Lower uncertainties will help boost the confidence of global consumers and investors, Ma said.
MACAO - About 1,000 troops from the People's Liberation Army (PLA) Garrison in Macao were mobilized on Friday to support the relief efforts of the disaster caused by typhoon Hato in the Macao Special Administrative Region (SAR).
Lululemon says yoga fashion is a billion market in China and its stores there achieved profitability of ,000 per square meter in 2017, much higher than its stores in North America.
MANILA - The Philippines will reopen its crown jewel resort island Boracay to holidaymakers on Friday, after a six-month cleanup aimed at repairing the damage inflicted by years of unrestrained mass tourism.
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MOSCOW -- The Russian Foreign Ministry on Thursday blasted the United States and Britain for organizing a discussion on the situation in Hong Kong in the United Nations Security Council on May 29.
MOF data also showed outstanding local government debt amounted to 21.41 trillion yuan by the end of August, below the official ceiling of 24.08 trillion yuan set for the year.
Luxury apartment sales volume increased significantly by 27.4 percent quarter-on-quarter, following the supply peak from the previous quarter. In the high-end villa market, buyers continued to be active after a new policy introduced in the previous quarter banned the construction of new stand-alone villas, prompting buyers to rush to the market. The high-end villa sales volume increased 30.0 percent quarter-on-quarter, while prices slightly declined (recording a 0.9 percent drop over the previous quarter) as landlords of older projects lowered prices to lure buyers.
MEXICO CITY - El Salvador has ordered the expulsion of all Venezuelan diplomats from the Central American country, the authorities announced Sunday.