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Caixin

Anbang's auction of core assets delayed as bidders drop out

Complex regulatory needs and financial problems spook investors

Several potential bidders have walked away, including a consortium led by e-commerce company JD.com and private equity firm Hopu Investment Management.   © AP

The auction of Anbang Insurance Group's remaining assets has been postponed for two weeks as several potential bidders have dropped out, sources with knowledge of the issue told Caixin.

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