China Vanke reports a $6.2 billion loss; CEO Zhu Jiusheng resigns due to health issues.

China Vanke, a major Chinese real estate company, announced a significant annual loss of 45 billion yuan ($6.2 billion) and the resignation of its CEO Zhu Jiusheng due to "health reasons." Chairman Yu Liang also stepped down but will stay in another role. The company faces debt pressures, and there were unconfirmed reports of Zhu's detention, though Vanke did not comment on this.

2 months ago
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