Lu Zhengyao (陸正耀) aka Charles Lu (born 1969/1970) is a Chinese businessman,
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 owners ...
, 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
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 ...
in 2010.
Lu was an early investor in Luckin Coffee.
/ref> In mid-April 2020, American investment bank 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, H ...
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 ...
.
References
Living people
Former billionaires
Chinese chairpersons of corporations
University of Science and Technology Beijing alumni
Peking University alumni
Year of birth missing (living people)
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