product, which accounts for about 3% or 4% of the company's total estimated revenues. TAL said the employee has been taken into custody by the local police."We are in the height of the year-end audit season,“ Drew Bernstein, co-chairman of MarcumBP, which audits and advises pre-IPO and public Chinese companies, said in an email Thursday. “Due to COVID-19, a lot of the fieldwork was delayed, so critical audit issues are just now starting to be discussed at the senior level.
In the near-term, we may see some Chinese companies favor Hong Kong as a listing venue. But for many CEOs, the U.S. remains the most desirable place to IPO and access growth capital."We are telling our clients to be prepared for more scrutiny and higher standards," he said. For example, Luckin's debut on the Nasdaq in May 2019 came a rare 18 months after the company's launch. The company caught Wall Street's eye with its aim to outpace Starbucks with the number of locations in China by using a strategy that relied on small storefronts and tapping the domestic mobile-delivery trend.
She remains optimistic on China, especially since she expects many start-up CEOs who experienced the outbreak of SARs roughly 17 years ago understand what kinds of industries will thrive or not amid a health crisis.The reports come as Chinese investment in the U.S. has faced increased scrutiny under President Donald Trump's administration. Pressure from the White House has contributed to a slowdown in what was once a rush of Chinese acquisitions of U.S. companies.
No transparency no money- please take your toys and go home.
JUST SAY NO! THEY ARE CROOKS
Yep..and the big three market indexes will list them anyway because the stock market is riddled with Fraud, scandals and misrepresentation and that’s right up their ally. potus stockmarketmanipulation coronavirus usagetsscrewedbychinaalways
The bankers will still find willing investors with the next best thing story
Luckin Coffee anybody remember that? SEC wake up!
who is going to put his hard earned money to invest in fraudulent Chinese companies. These fake companies should be banned from the US market once for all.
NO NO NO NO NO!!!
Oh! New Yorker still welcome more toxic asset and virus. More fund managers of wall street would long sleep. Is it good?
The return of Lukin Coffee
Welcome back after China CCP collapse.
Smart china CCP hope cheat international money to save its party and fill its pocket.
Hopefully not! They are not welcome.
HELL NO! Not only r they fraud companies but more importantly transfer wealth from US to China
Have to stop this shit
They have very different Accounting system and their data is protected by china national security. Why the us allewed them to do ipo in us.
They can hope, but we shouldn’t allow them to do anything related to an IPO. Boycott China!
No thanks
.jkylebass
Um, no.
I'm more wary of American companies.
Hope springs eternal ...
They made doctors and journalists disappear for trying to warn the world about the virus but who cares. $$$
They’ll get them.
India is helping every one and you want to still do business with china.
If any US firms r found fraud, ppl blame the bad guys. If any Chinese firms found fraud, ppl blame CCP & China. V clear cut
If u look at SEC website, then u will see tons of US firms got fined for fraud accounting etc. Theranos, Enron etc So chinese companies have high faith in SEC & savvy investors.
Screw the commies
Unless US Media companies are give FULL & FREE access to interview, move around, and operate without the Chinese CCP following and BOTHERING them INSIDE any part of China it is NOT WORTH our INTEREST in letting the Chinese use our FINANCIAL platform for their benefit.
No thank you
Screw the China IPO’s
Cut. Them. Off.