Evergrande

Rewind 2023: The year big corporate titans went bankrupt

As we approach 2024, the wave of bankruptcies is likely to stretch. However, analysts expect the pace of filings to slow down

Vantage | How China left Malaysia stranded with a billion dollar 'ghost city'

As Forest City languishes in a state of incompleteness, Country Garden faces its own struggles

Explained: How the crisis at China’s Evergrande is worsening

Evergrande, the world's most indebted property developer, on Monday missed a bond payment just days after reports said its founder Xu Jiayin was taken away by authorities. Experts say the developments raise questions about the future of the firm and the stability of China’s real estate sector

China’s Evergrande files for bankruptcy in US: Rise and fall of the real estate behemoth

The brainchild of steel worker Xu Jiayin, Evergrande was founded in 1996 with just eight employees. The firm quickly became China’s second-largest property developer and vaulted Xu to the position of Asia’s richest person. Experts say Evergrande’s business model had been flawed for a long time

Chinese property giant Evergrande files for bankruptcy protection in US

Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure

PwC resigns as auditor of indebted Chinese real estate firm Evergrande: Report

The two firms disagreed over several issues, as revealed in the exchange filing. PwC had said that Evergrande did not provide enough details on the $2 billion loan scheme under investigation

Chinese property developer giant Evergrande stops trading on Hong Kong Stock Exchange

The suspension -- the second this year -- comes ahead of an expected $2 billion repayment obligation on Wednesday, and another next month of $1.4 billion

China overtakes US to become world's richest nation as global wealth triples in last two decades

According to the report, authored by the research wing of McKinsey & Co, China has accounted for almost one-third of the staggering rise in global wealth

Global stock market down on inflation as investors worry about brewing energy crisis

World markets have come under pressure in recent weeks as the reopening of economies and supply chain woes fuel inflation, with a rally in commodity prices a major contributory factor

China property sector distress deepens as second company runs into financial troubles

Fantasia Holdings missed the deadline to repay a $205.7 million loan