Lu Zhengyao
Lu Zhengyao | |
|---|---|
| Born | 1969 or 1970 (age 54–55)[1] |
| Nationality | Chinese |
| Alma mater | Peking University (EMBA) University of Science and Technology Beijing (BSc.) |
| Occupation(s) | Businessman, investor |
| Title | Chairman of Luckin Coffee |
Lu Zhengyao (陸正耀) aka Charles Lu (born 1969/1970) is a Chinese businessman and investor. He is the non-executive chairman of Luckin Coffee, a coffee shop chain in China.[2] Lu earned a degree in industrial electric automation from the University of Science and Technology Beijing in 1991, and an EMBA degree from Peking University in 2010.[1]
Lu was an early investor in Luckin Coffee.[2][3] In mid-April 2020, American investment bank Goldman Sachs announced that it would seize and sell Zhengyao's Luckin stock holdings after he defaulted on a corporate margin loan.[4][5] In December 2020, he paid a 180-million dollars fine to the US Securities and Exchange Commission for defrauding investors.[6]
Lu also owns about 33 percent of Car Inc., a Hong Kong-listed car rental company.[3] In May 2021, he announced he was working on the launch of a 500-store noodle stores chain, Xiaomian Riji ('noodle diary').[6]
References
[edit]- ^ a b "Executive Profile: Zhengyao Lu". Bloomberg LP. Retrieved 24 April 2019.
- ^ a b Wang, Jennifer. "New Billionaire Behind The Chinese Competitor To Starbucks". Forbes. Retrieved 24 April 2019.
- ^ a b [1][dead link]
- ^ Lin, Connie (April 12, 2020). "Embattled Luckin Coffee sees wild surge as customers scramble to cash in on free drink vouchers". Fast Company. Retrieved April 12, 2020.
- ^ Yang, Jing (April 6, 2020). "Banks Stand to Lose More Than $100 Million on Loan to Chairman of China's Luckin Coffee". Wall Street Journal. ISSN 0099-9660. Retrieved April 6, 2020.
- ^ a b Jingli, Song (2021-05-13). "Disgraced Luckin Coffee founder Lu Zhengyao cooks up new business". KrASIA. Retrieved 2024-04-02.
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