Lu Zhengyao | |
|---|---|
| Born | 1969 or 1970 (age 53–54)[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]
Lu also owns about 33 percent of Car Inc., a Hong Kong-listed car rental company.[3]
References
- 1 2 "Executive Profile: Zhengyao Lu". Bloomberg LP. Retrieved 24 April 2019.
- 1 2 Wang, Jennifer. "New Billionaire Behind The Chinese Competitor To Starbucks". Forbes. Retrieved 24 April 2019.
- 1 2
- ↑ 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.
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