Dow Jones Newswires: China Evergrande posts sharply narrowed 2022 loss as it tries to bounce back


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China Evergrande Group, the world’s most indebted developer, narrowed its losses significantly in 2022 as it clawed its way back to the business of selling properties and reined in costs.

The Guangzhou-based conglomerate’s net loss was 105.91 billion yuan ($14.51 billion) compared with a loss of CNY476.04 billion in 2021, according to its annual 2022 report published late Wednesday.


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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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