Lu Zhengyao
Lu Zhengyao (陸正耀) aka Charles Lu (born 1969/1970) is a Chinese businessman, angel investor, and 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 Zhengyao | |
|---|---|
| Born | 1969/1970 (age 50–51)[1] |
| Nationality | Chinese |
| Education | University of Science and Technology Beijing Peking University |
| Occupation | businessman |
| Title | Chairman, Luckin Coffee |
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
- "Executive Profile: Zhengyao Lu". Bloomberg LP. Retrieved 24 April 2019.
- Wang, Jennifer. "New Billionaire Behind The Chinese Competitor To Starbucks". Forbes. Retrieved 24 April 2019.
- 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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