Former Anbang chairman stands trial in Shanghai
Share - WeChat
Wu Xiaohui, former chairman and general manager of Anbang Group, stands trial Wednesday for fundraising fraud and embezzlement at the No 1 Intermediate People's Court in Shanghai.
Wu was placed under investigation last June and removed from his position as head of Anbang in February.
The insurance and investment conglomerate, known for a number of high-profile international acquisitions including the 2015 purchase of New York’s Waldorf-Astoria hotel, was taken over by the country's insurance regulator in February.
- Sixth-gen clay figurine heir focuses on spirit over color
- China's high-speed rail mileage tops 50,000 km
- Quzhou-Lishui railway under construction in Zhejiang
- China's high-speed rail network surpasses 50,000 kilometers
- Tianjin leverages its district's green assets for growth
- China's Long March 8A rocket launches internet satellites































