Luckin Coffee fires top executives over fraud scandal

Linda J. Dodson

NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]

Bad beans: Luckin fires top executives over fraud scandal

Linda J. Dodson

NEW YORK — Luckin Coffee has removed its CEO Jenny Qian Zhiya and chief operating officer Liu Jian from their posts, the company said Tuesday, following a flight of investors and company insiders over a high-profile accounting scandal. The termination of the two C-suite executives, along with their resignation from Luckin’s board, comes a little over […]

China fires up coal power plant construction

Linda J. Dodson

China approved nearly 10 gigawatts of new coal-fired power generation projects in the first quarter, roughly equal to the amount approved for all of last year, amid a broader scramble to jump-start an economy hobbled by the COVID-19 epidemic. Investment in infrastructure like power generation has played an important part in […]