Evergrande: Chinese developer sells streaming firm stake for $273m - NewsBreak
By Poppy in Business
Updated 2 years ago
Crisis-hit Chinese real estate giant Evergrande is selling its entire stake in film and television streaming company HengTen for $273m (£200m). The move comes as the world's most indebted developer has been struggling to meet interest payments on its loans. In another sign of the cash crunch in China's...