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Gray Rhino Blues – China’s latest business and technology news

A
summary of the top news in Chinese business and technology for September 6, 2017. Part of the daily SupChina newsletter, a convenient package of China’s business, political, and cultural news delivered to your inbox for free. Subscribe here.
2 weeks ago
Kaiser Kuo

A “gray rhino” is a lumbering, outsize beast representing potential danger and that oughtn’t be ignored — but alas, often is. The companies that China’s media outlets have identified as rhinocerotidae are hardly being ignored — at least not by financial reporters. After massive debt-fueled buying sprees abroad, they’ve come under scrutiny and their recent woes have become regular, near daily fodder. Today, we have Caixin Global reporting that Dalian Wanda is suing over what it claims are false reports about the detention of its chairman, Wang Jianlin; Reuters saying that Goldman Sachs is dropping plans to take the Pactera unit of HNA public; and Reuters also reporting that both Anbang and HNA had designs on acquiring the massive German-based insurer Allianz. More rhino reporting below.


By Kaiser Kuo
Kaiser Kuo is co-founder of the Sinica Podcast and editor-at-large of SupChina.
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