Author: Travis 1. Review of the performance of the stock market during the week 1.1 Overall performance of weighted indexes such as China Prospect Stock Since January 1, 2015, the weight index of Chinese stocks and shares has increased by 177.83%, outperforming the S & P 500 index, and the relative return rate is 129.97%. Note: Constituent stocks and other […]
Month: May 2020
The incident of Ruixing ’s counterfeiting has not yet ended, and the negative effects continue.IQIYI, good future, and who is learning to be shorted one after another, the SEC chairman publicly reminded investors to stay away from the Chinese stock market, Nasdaq tightened the listing rules … CFO (chief financial officer) Appeared and resigned. Since March, according to incomplete statistics
This article from the micro-channel public number: late LatePost (ID: postlate), Author: Liu a palace room, Editor: Song Wei In the second half of 2019, a Shanghai-based fund is considering making Duo Ruixing Coffee (LK, NSADAQ). They started a survey, but the more they checked, the more convinced that Ruixing could not buy it. Investors in this fund said that
Original title: Inside Story of Ruixing Coffee’s Decline: A large number of fake buyers and a virtual employee Source: Netease Finance (Original title: The inside story behind the decline of Ruixing Coffee: a large number of fake buyers and a virtual employee) On May 17, 2018, Lu Zhengyao, chairman and co-founder of Ruixing Coffee, was listed on the first day
Today’s Technology Morning Post must read morning newspaper details First-line | Exclusive: Jingdong with Netease by Hong Kong Stock Exchange Hearing May 29, Tencent The news “First Line” learned exclusively from multiple sources that NetEase and JD.com passed the Hong Kong Stock Exchange hearing on the afternoon of May 28. This means that JD.com and NetEase will publish their prospectus
In the early hours of the 30th, Beijing time, US stocks maintained a narrow range of shocks on Friday afternoon, with major stock indexes mixed. Investors are concerned about the re-tensioned geopolitical relationship and economic data. Fed Chairman Powell warned of the risk of a second wave of the epidemic, stating that he would insist on using its tools to
Midday: US stocks oscillated within a narrow range after Powell’s speech >> Read More
As of the opening, the Dow fell 131.12 points to 25269.52 points, a decrease of 0.52%; the Nasdaq rose 11.33 points to 9380.32 points, an increase of 0.12%; S & P 500 The index fell 8.72 points to 3021.01 points, a decrease of 0.29%. Ruixing Coffee It rose 6.3%, after plunging more than 20% the previous day. European stocks fell,
Original title: [Chinese Nightmare] Rui Xing Hit again by allegations of fraud: employees and affiliates buy vouchers Ruixing Coffee exposed the huge income fraud scandal, from Nasdaq The delisting is only the last step. When Ruixing pinned his hopes on the hearing, the media accused the company of using self-purchased vouchers to exaggerate sales data. According to foreign media “The
According to the Wall Street Journal, Ruixing Coffee The fraud can be traced back to before the IPO. According to internal documents and public records seen, Ruixing Coffee sold vouchers that could be exchanged for tens of millions of cups of coffee to a company associated with Lu Zhengyao, the company’s chairman and controlling shareholder. This operation makes Ruixing Coffee’s
The car rental in China was involved in the fraud of “Ruixing Coffee” >> Read More
Zhitong Finance APP was informed that, on May 29, in response to the report that “false transactions have been involved before the IPO”, Ruixing Coffee (LK.US) responded: “The special committee of Ruixing Coffee ’s Board of Directors is continuing to promote internal investigations. It is evaluating the impact of financial fraud on the company ’s previously released quarterly financial report,
Original title: Ruixing, on the verge of delisting, skyrocketed in two days 90%: speculation high + short sale Banker or make two waves of money Source: Oriental Fortune network Original title: Ruixing, on the verge of delisting, skyrocketed in two days 90%: speculative high + short sellers or make two waves of money Ruixing Coffee, which is on the verge
Under the leadership of the previous management, the senior officials of Ruixing Coffee allegedly increased sales by selling vouchers to affiliated companies. According to reports, the huge amount of false revenue boosted Ruixing Coffee’s growth indicators and left a deep impression on shareholders. To make matters more complicated, Ruixing Coffee ’s latest audited financial statements show that the company ’s
Comic Finance Wang Jianming Can fly? [Shenzhen Business Daily / Reading News] (Reporter Qiu Qingyue) to be Nasdaq Delisted Ruixing Coffee After the resumption of the market, it went out of the sky, and the cumulative rise of 86% on the 26th and 27th EST, but after the opening of the US stock market on the 28th, Ruixing Coffee fell,
Going back to life? Ruixing soared more than 80% in two days >> Read More
The U.S. Department of Commerce released data on the revised value of real GDP in the first quarter of the United States. The data shows that the revised value of the annualized real GDP annualized rate in the first quarter of the United States fell by 5%, which was greater than the initial value. According to data released by the
Closing: US stocks turned down before the close, the Dow fell over 100 points >> Read More
Original title: Overnight trading: European and American stock markets went up and down, the Dow fell nearly 150 points, Ruixing Coffee fell more than 20% Source: Oriental Fortune Research center The following is a summary of important information in the global market: Most large US technology stocks closed down, Tesla fell 1.76%, Facebook fell 1.61%, Netflix fell 1.54%, Amazon fell
Reported that the accounting scandal broke Ruixing Coffee Fake sales were increased by selling vouchers to affiliates of the chairman and controlling shareholder. The report quoted internal documents and public records that a fictitious buyer also processed more than 140 million US dollars in payments for materials and services. Since the announcement of a survey of false transactions that accounted
Reported that Ruixing sold vouchers to the chairman’s affiliate to increase sales >> Read More
DJ Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee By Jing Yang China’s upstart Luckin Coffee Inc. grew at a blinding pace. It opened stores faster than Starbucks Corp., doubled its valuation to $12 billion eight months after going public and pleased its big-name investors in the U.S. Then, on April 2,
Produce | Sanyan Finance Author | DorAemon distance Ruixing Coffee Nearly 2 months after the falsification of financial and operational data, Focus Media Finally, I responded positively to the question about “cooperating with Ruixing to increase the advertising costs”. Recently, Focus Media published “About Shenzhen Stock Exchange Small and medium board Announcement of the Company Management Department’s Reply to the
Original title: After a 50% rise, Ruixing Coffee rose more than 30% before the US stock market today [TechWeb] On May 27th, after yesterday ’s stock price soared by more than 50%, Ruixing Coffee’s US stocks rose more than 30% before the market today. In the trading of US stocks on May 26, the stock price of Ruixing Coffee once
After rising 50%, Ruixing Coffee rose more than 30% before the US stock market today. >> Read More
Webmaster’s House (ChinaZ.com) May 28 News: Yesterday, for “cooperating Ruixing Coffee “Falsification” report, Focus Media According to the response, after self-examination, the company did not cooperate with the customer to increase the advertising costs, and there was no situation to confirm the advertising revenue and then return to the customer in other ways. Among them, the relevant media questioned the
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