China's Evergrande says losses narrowed by 50% in the first half of 2023 as shares plunge

Evergrande Group, the highly indebted Chinese real estate developer, has reported a narrower net loss for the first half of the year thanks to a rise in revenue driven by the property market's short-term boom, despite the company facing financial struggles and applying for bankruptcy in the US.

cnn.com

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Posted 8/28/2023, 2:13:00 AM