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BEIJING (Reuters) - China last month granted initial approval for 16 new trademarks for the fashion brand of U.S. President Donald Trump’s daughter and adviser Ivanka, including voting machines, a search of official records on Tuesday showed. Ivanka announced in July she was shutting her fashion line to focus on her role as an informal White House adviser, where she is working on advancing working women. Since Trump’s surprise November 2016 election, his family has faced criticism that its portfolio of real estate and consumer goods businesses, which lean heavily on the Trump name, conflicts with its Washington roles.
The group Citizens for Responsibility and Ethics in Washington made the findings about the new China trademarks in a Monday statement, and said it was the largest number of new Chinese trademarks her company has received in a single month since her father took 2019 new england patriots super bowl champions cufflinks office, The latest China trademarks cover things like shoes and jewelry, but also more offbeat items like voting machines and nursing homes, according to a search of records on the Chinese State Administration for Industry and Commerce’s Trademark office..
The trademarks were applied for in 2016. Intellectual property lawyers say trademark applications are often very broad to give the applicant the most comprehensive protection for their brand. The Chinese government has previously denied anything untoward in granting her company the trademarks. China and the United States are currently locked in a trade war, though both countries have taken steps to cool the temperature ahead of an expected meeting between the U.S. and Chinese presidents on the sidelines of the G20 summit starting later this month in Argentina.
HONG KONG (Reuters) - 2019 new england patriots super bowl champions cufflinks Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp (SBUX.O) in China, is targeting a valuation of $1.5 billion to $2 billion as it launches a new round of funding, people familiar with the matter told Reuters, The fundraising comes as Luckin expands at breakneck speed across China, The firm only officially launched in January and yet has already opened over 1,400 cafes in 21 cities under a supercharged growth plan based on cheap delivery and online ordering..
It has financed its expansion with funding from investors including Singapore sovereign wealth fund GIC Pte Ltd [GIC.UL]. In July, Luckin said it closed a $200 million investment round bringing its valuation to $1 billion. That made it one of the fastest companies in China to reach unicorn status. In the new round of talks with prospective investors, Luckin plans to raise $200 million to $300 million in fresh equity, said one of the people familiar with the matter, who all declined to be identified as the information was not public.
As the deal terms 2019 new england patriots super bowl champions cufflinks are still subject to change, the amount could fall within the $100 million to $200 million range, said a second person, Luckin has also begun early-stage discussion with investment banks regarding an overseas initial public offering (IPO), most likely in Hong Kong or New York, two of the people said, Luckin declined to comment on financing or IPO plans, The coffee chain and its investors aim to challenge the dominance of Starbucks, which has over 3,400 stores in China - its second-biggest market after the United States, In some media, Luckin has touted itself as China’s home-grown answer to its world-famous rival..
The firm has distinguished itself with aggressive marketing, an emphasis on delivery and a tech-centric purchasing experience. For instance, customers must place orders using Luckin’s app, through which they can then view a livestream of their coffee being made. In May, Starbucks said it aimed to roughly double its China store count to 6,000 by 2022. In August, it announced a coffee delivery partnership with e-commerce firm Alibaba Group Holdings Ltd (BABA.N). The following month, Luckin revealed it had formed its own partnership with Alibaba’s tech rival Tencent Holdings Ltd (0700.HK).
WASHINGTON (Reuters) - The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic, Having abandoned a 2015 Iran nuclear deal, U.S President Donald Trump is 2019 new england patriots super bowl champions cufflinks trying to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambitions and ballistic missile program but also support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle East..