Evergrande Suffers $4.5B Loss Amidst China’s Housing Crisis

  • Evergrande reported a first-half loss of 33 billion yuan ($4.5 billion), extending its losses from previous two years.
  • The loss stresses the company’s struggles within China’s housing crisis which adversely impacted many developers.
  • The results intensify the challenge for offshore bondholders as they ponder Evergrande’s debt restructuring proposal.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications