You are here: Home » Reuters » News
Business Standard

Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Reuters  |  BEIJING 

By Matthew MillerBEIJING (Reuters) - Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York's Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers.But its headline-grabbing deals and the connections forged by chairman Wu Xiaohui - from Beijing to President Donald Trump's son-in-law - have invited closer scrutiny.On Wednesday, the privately held company said Wu had temporarily stepped aside, following unverified reports of his detention in China. It has not ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 14 2017. 15:39 IST
RECOMMENDED FOR YOU