Posted in FINANCE Chinese Developer’s $1.8 Billion Distressed Asset Gets Zero Bids July 4, 2023 A $1.8 billion project by defaulted Chinese developer Shimao Group Holdings Ltd. failed to find a buyer at a forced auction, underscoring the lack of investment appetite amid a weakening economy. https://www.bloomberg.com/news/articles/2023-07-05/chinese-developer-s-1-8-billion-distressed-asset-finds-no-buyer