Investors in U.S. markets are shrugging off the risks that come with companies based in China, despite growing tensions and warnings from American regulators.
Luckin Coffee was supposed to be China's answer to Starbucks. Its U.S.-listed stock reached $51 a share, and sophisticated investors like BlackRock and J.P. Morgan Chase were cheering it on. Then, after an anonymous report detailed the lack of foot traffic and sales, short-sellers got...
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