HONG KONG -- China Evergrande Group revealed on Friday it held talks about selling a stake in its EV unit to smartphone maker Xiaomi as the world's most indebted property developer comes under mounting pressure from Beijing to manage its liquidity crisis.
China debt crunch
Embattled Evergrande reveals attempted EV stake sale to Xiaomi
Developer looking to raise funds to tide over a liquidity crisis
China Evergrande said it held talks with Xiaomi over a possible stake sale in its EV unit. © Reuters
Read Next
Latest on China debt crunch
