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Evergrande's most bizarre holdings? A hodgepodge of amusement parks all over China called 'Fairyland'

Tuesday, October 5, 2021

Evergrande's most bizarre holdings? A hodgepodge of amusement parks all over China called 'Fairyland'

In 2020, real estate giant Evergrande outlined a bold plan for itself - it was going to conquer Tesla. But the real estate giant is now $305 billion in debt, and still hasn't sold a single car. Zhiwu Chen, director of the Asia Global Institute, comments on Evergrande's electric-vehicle business in Insider.

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Author

Zhiwu Chen

Chair Professor of Finance, the University of Hong Kong

Zhiwu Chen

THE ASIA GLOBAL INSTITUTE

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