Once China’s Richest Man, Wang’s Mall Empire Is Now in Trouble
A string of failed IPOs for a key Wanda unit is reviving concerns over the real estate sector
Wanda Mall in Nanning, Guangxi province, China.
Photographer: Qilai Shen/BloombergWelcome to The Brink. I’m Wei Zhou in Hong Kong, where I’ve been digging into the struggles of China’s largest mall operator Dalian Wanda. We also looked at Revlon, Abengoa and at CEOs being increasingly worried about credit tightening. Follow this link to subscribe. Send us feedback and tips at wzhou192@bloomberg.net or Tweet/DM to @LCasiraghi.
A string of failed IPOs at one of the world’s largest mall operators is reviving concerns about the ability of China’s beleaguered property market to recover from prolonged Covid restrictions.