Posted inBeijing, China, Shanghai

After Anbang founder’s 18-year sentence, China’s borrowers wake to new reality

A saga unfolding over the last year has spawned a seemingly endless collection of stories documenting the proverbial fall from grace of one of China’s most successful business executives. Wu Xiaohui, the founder of Anbang Insurance Group, turned the page on another chapter of his tumultuous life when he was sentenced in Shanghai on Thursday […]

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