News Snapshot:
‘Dead duck’s mouth’ – China CEO Evergrande’s leaked letter to employees is panned on social media Bank & Insurance By Jacky On Sep 21, 2021 Share “I firmly believe that Evergrande’s spirit of never admitting defeat and growing stronger through frustration is the source of our strength to overcome all difficulties!” That was the chairman of the troubled real estate group China Evergrande 3333, -0.44%, Xu Jiayin, who channeled his inner Winston Churchill in what appeared to be a rally-the-gang letter to employees that leaked online on Tuesday. The billionaire wished his colleagues a happy mid-autumn festival and thanked them...
