Data provider Dealogic says there are currently 15 Chinese companies planning to each raise between $10 million to $125 million in the U.S.
Luckin’s market cap, which had been as high as $10 billion in early March, had fallen to $1.1 billion before the company’s shares were suspended from trading on April 6. The Nasdaq isBrock Silvers, managing director of Hong Kong-based Adamas Asset Management, points to wider accounting problems in China, where the COVID-19 pandemic has taken such a heavy toll on so much of the economy.
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Wow..! Go fiqure
In the nineties 100's of Chinese companies came public or tried to on US exchanges and many of them were frauds as accounting standards were different. This is old news. Except in this new economy where investments are overvalued and little due diligence is done.
' 2 '? 🤔 *Looks into Fandom*...you slick!😏 My wealth is of China's level now! Assets
The most common strategy by China companies is to make things almost free and starve out smaller less financed competitions. Very risky to invest there.
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