CEO of China Vanke, Zhu Jiusheng, was taken by authorities, amid company's financial troubles.

The CEO of China Vanke, Zhu Jiusheng, was reportedly taken away by public security authorities, according to state media. China Vanke, a major property firm, has faced financial troubles, reporting a significant net loss and dealing with a debt crisis in China's struggling real estate sector. The company has pledged to raise funds to meet upcoming bond obligations.

2 months ago
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