Daisuke Wakabayashi
Posts
WeRide, a Chinese Autonomous Driving Start-Up, Is About to Go Public
WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money...
Markets Around the World Are Rattled by Fears of Slowing U.S. Growth
Stocks in Asia tumbled, led by Japan, where declines triggered “circuit breakers” meant to calm rapid moves. European and U.S. markets were set for declines.
Country Garden, Chinese Real Estate Giant, to Miss Debt Payments
The property giant was unable to repay a loan and signaled it would default on its debt, becoming one of the biggest casualties of China’s...
China Evergrande’s Problems Are Only Getting Worse
The Chinese property developer’s efforts to restructure more than $300 billion in debt are being complicated by criminal investigations into current and former executives.
China’s Country Garden Sells Stock to Pay Debts
Country Garden is teetering on the brink of default with $190 billion in debt, in a sign of the country’s rapidly spreading real estate crisis.
China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
Alibaba, China’s E-Commerce Giant, Will Split Into Six Units
The major restructuring, a possible precursor to future I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence.
Bao Fan, Star Banker, Goes Missing in China
Bao Fan, a well-connected banker, is the latest businessman in China to disappear, raising concerns that Beijing’s crackdown on the technology and financial industries will...
China’s Covid Lockdowns Strand Tourists
Tens of thousands of domestic travelers were stuck at their summer vacation destinations after local outbreaks forced them into quarantine.
Real Estate Crisis Is at the Heart of China’s Economic Troubles
In a rare act of defiance, people across the country who bought property from indebted developers are refusing to repay loans on their unfinished apartments.