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Luckin Coffee raises $150m in latest financingre seen at a stor

Chinese coffee chain Luckin Coffee has completed its new financing round of $150 million (1 billion y uan), lifting the firm’s valuation to an estimated $2.9 billion, news portal NetEase reported on Thursday. Global fund manager BlackRock-controlled private equity participated in the financing by investing $125 million. Last year, Luckin Coffee completed its two financing…

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The 40-year-old Wang Xing, chairman and CEO of M

eituan Dianping, China’s leading on-demand online service provider, is the youngest among China’s 10 most powerful businesspeople, according to the list. Dong Mingzhu, chairwoman of Gree Electric Appliances, a major home appliances maker based in Zhuhai, Guangdong province, is the only woman entrepreneur on the top 10 ranking, placing seventh. Xu Jiayin (Hui Ka Yan),…

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Considering that the aircraft faces uncertainties in its airwo

irworthiness, after looking into the matter, the administration decided to suspend Boe ing 737 MAX 8 airworthiness certifications immediately,” the Civil Aviation Administration of China said in a sta tement unveiled on Tuesday, adding that the ongoing investigation had not ruled out design flaws in the aircraft. “A certificate is granted by the country’s regulator…

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