Embattled Chinese Property Tycoon Turns to Electric Cars. Cue $87 Billion Valuation. ...Middle East

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Embattled Chinese Property Tycoon Turns to Electric Cars. Cue $87 Billion Valuation.
Evergrande founder Xu Jiayin hasn’t sold any cars yet and his real-estate empire is groaning with debt. But his electric vehicle startup recently notched an $87 billion market cap.

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