Unicorns

Luckin Coffee bags another $150m ahead of US IPO

China's fast-growing coffee chain is clearly on the double espressos. Despite widespread concerns about its cash-burning business model, it has just completed its third funding round in 10 months.
April 17, 2019

China's EV makers get ready for subsidies to end

To ensure survival in the post-subsidy era and deal with overcapacity, some are switching their focus to the corporate sector or leaning on high-tech to overcome price-sensitivities.
April 03, 2019

Electric vehicles in China speed up again

Despite the cut in state subsidies, electric car manufacturers have sped up their production to maintain customers' interest and to compete with outsiders.
March 08, 2019

Nio overcomes difficulties to price $650m CB

The EV maker returned to the capital market four months after its US listing and successfully raised fresh capital despite multiple headwinds. It was forced to pay up though.
January 31, 2019