Beware ‘high-tech China hustle’: experts · TechNode

Short sellers are helping to fight a “China hustle 2.0,” experts said at a TechNode webinar held on Zoom the evening of April 23. 

The recent admission that Luckin Coffee fabricated approximately half of its sales revenue reflects a wider problem, said TechNode contributor Michael Norris. Information asymmetries between tech-focused Chinese companies and US investors makes it easy for dishonest managers to lie to investors, said Norris, who is also Research and Strategy lead at AgencyChina.

Norris spoke alongside other TechNode reporters and contributors on “Thin Ice for US-listed Chinese Tech Companies,” the first speaker event in TechNode’s new monthly “Tech After Hours” webinar series. 

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Written by Aakash Malu


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