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Finance

No bitterness: Chinese company raises $500m in US despite Luckin

Market welcomes Xiaomi-backed Kingsoft Cloud, but Sen. Rubio tweets objection

Nasdaq billboard above an empty Times Square welcomes Kingsoft Cloud, the Xiaomi-backed Chinese cloud service provider that went public Friday. (Photo courtesy of Nasdaq)

NEW YORK -- The first major Chinese company to go public in the U.S. since the Luckin Coffee accounting scandal debuted with a pop on Friday, delivering a shot of comfort to those anxiously watching for any fallout on investor appetite toward the country's high-growth businesses.

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