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International Business Times
International Business Times
Business

China Property Giant Vanke's CEO 'Taken Away' By Police

Vanke China Economy
A worker drives past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou in March 2024 (Credit: AFP)

The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.

Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources.

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