Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee.
product, which accounts for about 3% or 4% of the company's total estimated revenues. TAL said the employee has been taken into custody by the local police."We are in the height of the year-end audit season,“ Drew Bernstein, co-chairman of MarcumBP, which audits and advises pre-IPO and public Chinese companies, said in an email Thursday. “Due to COVID-19, a lot of the fieldwork was delayed, so critical audit issues are just now starting to be discussed at the senior level.
In the near-term, we may see some Chinese companies favor Hong Kong as a listing venue. But for many CEOs, the U.S. remains the most desirable place to IPO and access growth capital."We are telling our clients to be prepared for more scrutiny and higher standards," he said. For example, Luckin's debut on the Nasdaq in May 2019 came a rare 18 months after the company's launch. The company caught Wall Street's eye with its aim to outpace Starbucks with the number of locations in China by using a strategy that relied on small storefronts and tapping the domestic mobile-delivery trend.
She remains optimistic on China, especially since she expects many start-up CEOs who experienced the outbreak of SARs roughly 17 years ago understand what kinds of industries will thrive or not amid a health crisis.The reports come as Chinese investment in the U.S. has faced increased scrutiny under President Donald Trump's administration. Pressure from the White House has contributed to a slowdown in what was once a rush of Chinese acquisitions of U.S. companies.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Liza Minnelli Belting 'New York, New York' Brought a Stadium to Its FeetBack in 1986, at the old New York Giants stadium in East Rutherford, N.J., Minnelli gave one of the greatest live performances in television history.
Consulte Mais informação »
'It appears we have a plateau': New York curve is flattening as coronavirus deaths hit 10KHere are the latest coronavirus updates from around the world.
Consulte Mais informação »
Coronavirus hospital admissions begin to drop in New York CityNew York is still far from driving daily hospitalizations below 200, which officials say would be a milestone indicating the spread of the disease is slowing.
Consulte Mais informação »
New York governor says 'worst is over' as growth in coronavirus deaths declinesNew York Governor Andrew Cuomo on Monday said 'the worst is over' for the state hit hardest by the novel coronavirus, as hospitalizations appeared to be reaching a plateau and deaths increased by 671, the lowest daily total in a week.
Consulte Mais informação »
States, New York City Seek Block on Public Benefit Rules for ImmigrantsThree states and New York City asked the Supreme Court Monday to block Trump administration regulations that penalize immigrants for seeking public benefits, arguing that noncitizens shouldn’t be deterred from seeking health care during the coronavirus pandemic.
Consulte Mais informação »