Suning Group Founder Zhang Jindong's Assets Wiped Out
The news of asset liquidation went viral on social media.
Looking back, my first job right after graduation 16 years ago was as a journalist following my boss on a visit. The first company we visited was Suning's headquarters. Back then, the person hosting the press conference was still Suning's second-in-command. Today, due to poor management combined with Evergrande's massive debt burden, he was completely bankrupted overnight, reverting to square one. In just 10 years, times have changed drastically. It's hard not to feel melancholic about it all.
As the famous rich second-generation heir, Suning's son Zhang Kangyang, returned with his studies and took personal control of sports industry ventures. His momentum was unparalleled at the time, even acquiring the Serie A powerhouse Inter Milan with a European Champions League runner-up title. Yet because of the group's debt, it was sold to American capital a couple of years ago. Now it has become @Gate_zh exchange's sponsored team.
One can only say that in the face of the times, all efforts pale in comparison. An old era has truly ended, and a new one is about to begin...
Suning Group Founder Zhang Jindong's Assets Wiped Out
The news of asset liquidation went viral on social media.
Looking back, my first job right after graduation 16 years ago was as a journalist following my boss on a visit. The first company we visited was Suning's headquarters. Back then, the person hosting the press conference was still Suning's second-in-command. Today, due to poor management combined with Evergrande's massive debt burden, he was completely bankrupted overnight, reverting to square one. In just 10 years, times have changed drastically. It's hard not to feel melancholic about it all.
As the famous rich second-generation heir, Suning's son Zhang Kangyang, returned with his studies and took personal control of sports industry ventures. His momentum was unparalleled at the time, even acquiring the Serie A powerhouse Inter Milan with a European Champions League runner-up title. Yet because of the group's debt, it was sold to American capital a couple of years ago. Now it has become @Gate_zh exchange's sponsored team.
One can only say that in the face of the times, all efforts pale in comparison. An old era has truly ended, and a new one is about to begin...