Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua
Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua
Stocks
Business /  Companies

UCar completes 53 per cent loss in week as Luckin Coffee scandal continues to infect owner of China’s top ride-hailing firm

  • UCar shares closed unchanged at 1.06 yuan on the NEEQ market for SMEs a day after losing US$462.8 million in market value
  • Shares have lost 93 per cent of their value, precipitated by the Luckin Coffee scandal

Topic |   Stocks
Iris Ouyang
Iris Ouyang

Updated: 6:05pm, 21 Aug, 2020

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Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua
Ride-hailing operator UCar’s shares have been under pressure since Luckin Coffee’s accounting scandal emerged in April. Photo Xinhua
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