The disaster at Evergrande, the world’s most indebted residence company, reached a milestone final thirty day period when it formally defaulted on offshore bonds. But the rest of the saga could just take years to unfold. The builder, a symbol of China’s closely leveraged residence sector, shook planet markets when […]
restructuring
Alibaba’s longtime finance chief Maggie Wu is stepping down as the Chinese ecommerce giant shakes up its organisation to reverse slowing growth and halt the fall of its share price to a five-year low. The ecommerce group founded by Jack Ma more than two decades ago has been under pressure […]