FinanceNo 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)
ALEX FANG, Nikkei staff writer
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.