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Evergrande

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...

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...