Tourists visit the Zhonghua Gate in Nanjing, Jiangsu Province, China on June 26, 2008. The Zhonghua Gate, the biggest castle-style city gate in China and a structural element of the most complicated castle in the world, was built in the period of Five Dynasties and Ten Kingdoms (917 A.D). China Photos/Getty Images
The Chinese regime’s credit information agency disclosed on Dec. 10 that Suning Holdings Group pledged all its shares to Taobao, a subsidiary of Alibaba. On the same day, a high-level Chinese official visited Suning Holding’s headquarters in Nanjing, the capital city of Jiangsu Province. But it seems the investigation was merely a political show and an attempt to conceal the company’s financial troubles.
Chen Simin
Author
Chen Simin is a freelance writer who often analyzes China’s current affairs. She has contributed to The Epoch Times since 2011.
