Suning Founder Zhang Jindong’s Assets Wiped Out: Billion-Dollar Debt Crisis & China’s First Case of Its Kind
London, United Kingdom – In a landmark case that reverberates through the Chinese business world, Zhang Jindong, founder of the once-mighty Suning Holdings Group, has seen his entire personal fortune wiped out as he attempts to settle a staggering 238.712 billion yuan (approximately $33.2 billion USD) in debt. This unprecedented event marks the first instance … Read more