R. Scott Pert<p>> Vanke is among several major Chinese property firms mired in a debt crisis in recent years that has left developers in severe financial distress.</p><p>> Troubled property developers <a href="https://mastodon.cloud/tags/Kaisa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Kaisa</span></a> and <a href="https://mastodon.cloud/tags/CountryGarden" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CountryGarden</span></a> -- both fending off winding up petitions in <a href="https://mastodon.cloud/tags/HongKong" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>HongKong</span></a> courts -- also reported losses separately.</p><p>> Kaisa said on Monday that its losses for the year grew 48.4 percent to $4.03 billion in 2024. <a href="https://today.rtl.lu/news/business-and-tech/a/2290318.html" rel="nofollow noopener noreferrer" target="_blank"><span class="invisible">https://</span><span class="ellipsis">today.rtl.lu/news/business-and</span><span class="invisible">-tech/a/2290318.html</span></a> <a href="https://mastodon.cloud/tags/SouthEastAsia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SouthEastAsia</span></a> <a href="https://mastodon.cloud/tags/Malaysia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Malaysia</span></a> <a href="https://mastodon.cloud/tags/Thailand" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Thailand</span></a> <a href="https://mastodon.cloud/tags/realestate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>realestate</span></a> <a href="https://mastodon.cloud/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://mastodon.cloud/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a></p>