Taobao will help China’s distressed asset managers find new buyers
Want to unload that bad debt on your books? Now you can on Taobao. Cinda Asset Management, one of China’s Big 4 state-owned bad asset managers, has partnered with Taobao to sell RMB 4 billion-worth of creditor’s rights on the e-commerce company’s asset disposal platform. This is seen as another…


