The Zhejiang-based dealership group raised billions of yuan from prominent investors before collapsing under allegations of false accounts and misused funds
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Baolide’s crisis became public in September 2024, when wages went unpaid and dealerships suspended operations
Baolide’s founder drew in investors linked to Alibaba, NetEase, Hillhouse and Zhejiang’s private-business circles before the…
A lakeside banquet, star investors and altered accounts show how trust masked mounting risks
A private banquet at Qiandao Lake helped sustain investor confidence even as financial pressure quietly built
The investigation deepens a sweeping corruption crackdown tied to a Hong Kong tycoon’s stalled skyscraper project
The ruling is part of the lender’s broader push to recover about 13 billion yuan in overdue principal from the embattled property…
Zhejiang’s former state-assets chief surrendered to corruption investigators, while a senior financial regulator’s profile was…
