US Business

Clothing retailer Lucky Brand Dungarees has filed for bankruptcy with initial plans to close at least 13 stores and with a possible deal to sell its private equity-backed business to the operator of Aéropostale and Nautica brands.

Jan Marsalek, Wirecard’s longtime chief operating officer, stopped responding to messages from colleagues when the electronic-payments giant ran into trouble. The company still doesn’t know where he is.

U.S. tech titans face a looming test of their free-speech credentials in Hong Kong as China’s new national-security law for the city demands local authorities take measures to supervise and regulate its uncensored internet.

The pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars.

China, which began restarting its manufacturing plants over four months ago after Covid-19 forced a nationwide shutdown, provides a template for how to do it safely.

TikTok, a popular short-video app, sought to distance itself from Beijing after India banned it and dozens of other Chinese mobile apps in retaliation for a deadly border clash last month

Chinese coffee chain Luckin Coffee Inc.’s co-founder Charles Lu will remain chairman—at least for now—after the board failed to get the necessary votes to oust him, the company said Thursday.

Leaders of civil rights groups are meeting with Facebook executives after calling for an ad boycott of the platform for the month of July. Facebook, which has been under growing pressure to change and update some of its content and brand-safety policies, this week requested a new meeting with civil rights leaders.

Beijing is telling foreign companies not to worry, but its intercession in Hong Kong has executives fearing that the city’s unique role as a business hub is in jeopardy.

German prosecutors are probing whether the electronic-payments giant used fictitious revenue to inflate its sales and fool investors. The company and its auditors say $2 billion that is missing probably never existed.