Evergrande
Business
China’s Evergrande Files for US Bankruptcy
Evergrande, China's real estate construction giant, has filed for US protection from bankruptcy after thirty years of uninterrupted growth.
Just last Thursday, Evergrande filed for US bankruptcy under Chapter 15, which allows foreign companies to temporarily be protected from creditors...
Business
Pinduoduo Founder Suffers Biggest Loss of Wealth in the World
Pinduoduo founder Colin Huang has suffered $27 billion in losses -- the biggest decrease in wealth in the world this year.
Huang founded Pinduoduo, also known as PDD, a Chinese technology platform centered on agriculture. PDD was the largest platform...
Economy
Could China’s Evergrande Collapse Lead To New Global Recession?
China's Evergrande Group's debt crisis has led market analysts to whisper about a new "Lehman Brothers moment" in the world economy. The Chinese real estate giant has warned for months that it would be unable to fulfill its loan...