The epic crash last week of crude oil taught 60,000 Chinese investors a bitter, 10 billion-yuan ($1.4 billion) lesson on the risks of speculating in commodity prices. The clients of Bank of China (BOC), one of the country’s largest state-owned lenders, were trying to buy on a dip in crude […]
bitter
In Depth: Investors sip bitter taste of Luckin Coffee scandal
China’s upstart Luckin Coffee wowed investors with astonishing growth and an ambitious narrative that it was a successful challenger in the making to Starbucks. And then it all blew up unexpectedly. In two and a half years, Luckin rose from nothing to become China’s biggest coffee chain, with 4,500 shops, […]