China property giant Vanke's CEO 'taken away' by police: report
Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources. Hong Kong-listed Vanke, which is part-owned by the government of Shenzhen, was China's fourth-largest real-estate firm by sales last year, according to research firm CRIC. It reported a net loss of 9.9 billion yuan ($1.35 billion) in the first half of 2024, its revenue plunging as home sales slumped. The Economic Observer reported that "several sources" said Zhu had been taken away... Читать дальше...