Name: Private Chinese Company Sold Off by Court
Uploaded: 2022-04-20T14:35:42.000Z
Description: Assets belonging to a Chinese billionaire entrepreneur were auctioned off Friday—at a fraction of their real value.

Vivian Li is a producer and reporter based at NTD’s global headquarters in New York City. With more than a decade of experience as a reporter and anchor for NTD’s Chinese-language division, she now primarily contributes to NTD’s English-language program China in Focus.

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Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 9:30 p.m. ET.

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Assets belonging to a Chinese billionaire entrepreneur were auctioned off Friday—at a fraction of their real value.

The successful bid came from a very young company—registered just three days before the auction date.

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