Byton pauses operations for 6 months

A different luxurious electrical auto maker is getting drastic motion in gentle of money difficulties. Chinese firm Byton has advised The Detroit Bureau and The Verge that it’s stopping functions for “at least” six months owing to monetary struggles exacerbated by the COVID-19 pandemic. Most China-primarily based personnel will be […]

Luckin Coffee’s board is forcing out its chairman (also, chairman is forcing out the rest of the board) – TechCrunch

Often you just can’t just get a [L]uckin’ split. Just after asserting this early morning that it is ending its combat to continue to be listed on Nasdaq, China-based mostly espresso chain and supply corporation Luckin Espresso announced that it is requiring that its chairman, Lu Zhengyao, resign in a […]