Coffee break: People wearing protective masks wait at a Luckin Coffee outlet in Shanghai. Luckin is the biggest challenger to Starbucks Corp in China.— Bloomberg
SHANGHAI/HONGKONG: Chinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters.
The drop in interest, especially from those in the early stages of planning, is the result of a proposed U.S. legislation that would make it harder for some Chinese firms to debut in America and mounting scrutiny following an accounting scandal at Chinese Starbucks rival Luckin Coffee.
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