Luckin Coffee shares closed at .75 on Wednesday, much lower than its IPO price of per share. It has dropped by 40 percent from its peak listing price, when shares soared by 50 percent to .
Lyu and Xie also confessed in court that they fraudulently obtained foreign exchanges of .5 million with forged invoices in 2012.
MHz's decision came at a time that some politicians have been increasingly demonizing news media from Russia, China and the Middle East by reviving the vague and outdated Foreign Agents Registration Act of 1938 targeting government-funded foreign news outlets.
MEXICO CITY - Mexican police discovered nine dismembered bodies in a pickup truck in Xalapa, capital of the Gulf Coast state of Veracruz, a state governor said at a news conference on Sunday.
Luxury Italian lingerie maker La Perla already has eight stores in China with additional outlets coming down the pike. Canada's athleisure yoga brand leader Lululemon is also weighing in with a flagship store in Shanghai. And China's own Guangdong-based mass-market lingerie brand Cosmo Lady has already staked claim to 4 percent of the domestic market.
Luan Dong, China renewables analyst at BloombergNEF, said he believes the country should be able to surpass the 1,200-gigawatt target, and the country's international pledge regarding renewable capacity is encouraging.
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MOSCOW -- The final volume of a report released Tuesday by the US Senate Intelligence Committee on alleged Russian meddling in the 2016 US election fails to present facts and evidence, Russian Foreign Ministry spokeswoman Maria Zakharova said Saturday.
MELBOURNE - Australian mozzarella cheese from Victoria will be exported to China for the first time, it was announced on Tuesday.
MINI displays a Countryman model at the Shanghai auto show held in April. [Photo by Li Fusheng/China Daily]
MANILA - Members of the Association of Southeast Asian Nations are China's primary partners in promoting the Belt and Road Initiative, said Xu Bu, the Chinese ambassador to ASEAN, ahead of the organization's meetings, which are currently underway in the Philippines.