Lu Zhengyao, the Chinese billionaire investor behind Luckin Coffee, at Nasdaq. Photo: finance.china.com.cn
Luckin Coffee mastermind Lu Zhengyao – how the Chinese billionaire known for ‘burning money’ went from cars to caffeine
Chinese coffee chain Luckin Coffee may be a cautionary tale after stocks fell nearly 85 per cent – but Hong Kong-based stakeholder Lu Zhengyao has always had a flair for high-risk investment tactics
Lu Zhengyao, the Chinese billionaire investor behind Luckin Coffee, at Nasdaq. Photo: finance.china.com.cn