|
Lu Zhengyao
Lu Zhengyao (陸正耀) aka Charles Lu (born 1969/1970) is a Chinese businessman, angel investor, and the non-executive chairman of Luckin Coffee, a coffee shop chain in China. Lu earned a degree in industrial electric automation from the University of Science and Technology Beijing in 1991, and an EMBA degree from Peking University in 2010. Lu was an early investor in Luckin Coffee. In mid-April 2020, American investment bank Goldman Sachs announced that it would seize and sell Zhengyao's Luckin stock holdings after he defaulted on a corporate margin loan In finance, margin is the collateral (finance), collateral that a holder of a financial instrument has to deposit with a counterparty (most often their broker or an Exchange (organized market), exchange) to cover some or all of the credit risk .... Lu also owns about 33 percent of Car Inc, a Hong Kong-listed car rental company. References Living people Former billionaires Chinese chairpersons of corporations Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Science And Technology Beijing
The University of Science and Technology Beijing (USTB; ), formerly known as Beijing Steel and Iron Institute () before 1988, is a national key university in Haidian District, Beijing, China. USTB's metallurgy and materials science programmes are highly regarded in China. It is a Chinese state Double First Class University Plan university, identified by the Ministry of Education of China. History The university was founded in 1952 from the combination of five former colleges. It known then as the Beijing Industrial Institute of Steel and Iron(). It was renamed as Beijing Steel and Iron Institute () in 1960. The University of Science and Technology Beijing name was not adopted until 1988. In 1997, USTB was selected into the first tier of universities for China's 211 Project (involved with the development of 100 world class universities in the 21st century for China). Education and research USTB consists of 16 schools, provides 48 undergraduate programs, 121 master ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peking University
Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal charter by the Guangxu Emperor. A successor of the older ''Guozijian'' Imperial College, the university's romanized name 'Peking' retains the older transliteration of 'Beijing' that has been superseded in most other contexts. Perennially ranked as one of the top academic institutions in China and the world; as of 2021 Peking University was ranked 16th globally and 1st in the Asia-Pacific & emerging countries by Times Higher Education, while as of 2022 it was ranked 12th globally and 1st in Asia by QS University Rankings. Throughout its history, Peking University has had an important role "at the center of major intellectual movements" in China. Abolished of its status as a royal institution after the fall of the Qing dynasty and the Xinhai R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luckin Coffee
Luckin Coffee Inc. () is a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. , it managed 5,671 kiosks. The company operates shops, stores, and kiosks that offer coffee, tea, and food. Customers need to download an app to order and pay for drinks online. The coffee chain headquarter is in Xiamen. Luckin Coffee quickly expanded over the years and outnumbered Starbucks in China by 2019. In April 2020, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. It resulted in the stock price crashing and several executives being fired. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. The company filed for Chapter 15 bankruptcy in the US in February 2021. In December 2021, Luckin Coffee received court approval from a federal judge in Manhattan to restructure $460M worth of debt and to settle a number of class-action lawsuits over the fabricated sales figures. History 2017–2019: Fou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origin T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Margin (finance)
In finance, margin is the collateral that a holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty. This risk can arise if the holder has done any of the following: * Borrowed cash from the counterparty to buy financial instruments, * Borrowed financial instruments to sell them short, * Entered into a derivative contract. The collateral for a margin account can be the cash deposited in the account or securities provided, and represents the funds available to the account holder for further share trading. On United States futures exchanges, margins were formerly called performance bonds. Most of the exchanges today use SPAN ("Standard Portfolio Analysis of Risk") methodology, which was developed by the Chicago Mercantile Exchange in 1988, for calculating margins for options and futures. Margin account A margin account is a loan account with a br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Car Inc
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Luckin Coffee")
