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#ezubao

Every story tagged #ezubao on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.

2 stories in this topic

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Finance
2 min read

China court jails 24 people over $1.5-bln financial fraud

A court in southern China has jailed 24 people for fraudulently raising nearly 10 billion yuan ($1.5 billion) in one of the country’s biggest financial scams, the official Xinhua news agency said. The group was convicted of illegally raising funds during the…

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Finance
2 min read

Is Xinqi Asset another Ezubao?

An asset management company backed by property projects has defaulted on wealth management products worth 1.9 billion yuan (HK$2.27 billion), affecting more than 5,000 retail investors across mainland China and triggering more concerns about its property and…