Country Garden joins biggest money losers in corporate history

After Chinese developer posts $24bn of red ink, property sector faces more questions

20250116 country garden evergrande logos

Country Garden now ranks next to China Evergrande among the biggest money losers in Chinese corporate history. (Nikkei montage/Source photos by Reuters and AP)

STELLA YIFAN XIE and KENJI KAWASE, Nikkei staff writers

HONG KONG -- A leading developer during China's boom years, Country Garden Holdings has now taken a place among the largest money losers in the nation and the world, marking another grim milestone in China's real estate meltdown.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.