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☆ A billionaire helped bring ‘3-Body Problem’ to Netflix. His business partner ensured he never lived to see its premiere
▼ + stars: | 2024-04-03 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Lin Qi, a billionaire fan of “The Three-Body Problem,” had big plans to bring his favorite Chinese sci-fi novel to TV, cinema and video-game screens across the world. Xu was sentenced to death for murder by a court in Shanghai on March 22 - the day after the much-anticipated debut of “3 Body Problem” on Netflix. 3 Body Problem. Soon, he was sidelined, with key projects handed to another executive, Zhao Jilong, one of the executives who would later have his drinks poisoned by Xu, according to Caixin. When Netflix announced its adaptation project of “The Three-Body Problem” in September 2020, Lin and Zhao were listed as executive producers, with Xu’s name conspicuously missing.

Persons: Hong Kong CNN — Lin Qi, ”, Lin, Lin’s, Xu Yao, Xu, Caixin, John Bradley, Jack Rooney, Jess Hong, Jin Cheng, Mark Gatiss, Isaac Newton, Reece Shearsmith, Alan Turing, Jenson Cheng, Kublai Khan, Netflix Xu, China’s, Liu Cixin, Zhao Jilong, Zhao, Yoozoo, “ Xu Yao’s Organizations: Hong Kong CNN, “, Netflix, Lin’s Yoozoo, Yoozoo Games, Phoenix News Locations: China, Hong Kong, Shanghai, pufferfish, Japan, France, United States

☆ Evergrande’s chairman has been detained. The company will struggle to survive
▼ + stars: | 2023-09-29 | by ( Laura He | ) edition.cnn.com time to read: +7 min

But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary. Previously China’s second biggest real estate company, Evergrande’s default in 2021 ignited a crisis in the property sector that continues to weigh on the wider economy. It said it needed to reassess the terms of the restructuring plan, in part because sales had been weaker than expected. “The debt restructuring can’t really happen if Evergrade can’t issue new debt or equity, and it doesn’t seem like it can,” Magnus said. As for Magnus, he believes Evergrande’s time as an independent company is over.

Persons: Evergrande, Xu Jiayin, Hui Ka Yan, ”, George Magnus, Bobby Yip, ” Magnus, “, Tyran Kam, Fitch, Kam, Yicai, What’s, Magnus, “ They’ll Organizations: Hong Kong CNN, Sunday, Oxford University’s China, SOAS University of London, Shenzhen government’s, CNN, Fitch Locations: China, Hong Kong, Beijing, Shenzhen, United States

☆ 3 Are Convicted of Harassing Family on Behalf of China’s Government
▼ + stars: | 2023-06-20 | by ( Karen Zraick | ) www.nytimes.com time to read: +1 min

The elder Mr. Xu’s daughter had already been jailed because of his son’s refusal to return home, jurors were told. She had already received several threats related to Mr. Xu and knew that the Chinese government was trying to find him, she said. To thwart them, she arranged a meeting the next day at a nearby mall, rather than at Mr. Xu’s home. Mr. Zheng even drove back to try and take the note down, Mr. Goldberger said. But he was too late: Mr. Xu testified that he had already done so, following instructions from the F.B.I.

Persons: Xu’s, Xu, Zheng, Zheng’s, Paul Goldberger, ”, Goldberger Locations: New Jersey, China, Short Hills, N.J, Warren , N.J

☆ Jury Weighs Case of Men Accused of Stalking Americans for China
▼ + stars: | 2023-06-15 | by ( Karen Zraick | ) www.nytimes.com time to read: +1 min

The people pursuing them at first targeted Ms. Liu’s sister in Short Hills, N.J., because they did not know Mr. Xu’s address. Mr. McMahon enlisted other investigators to help him with the job, while exchanging messages with people from the “company” that hired him. In 2017, Chinese officials forced Mr. Xu’s 82-year-old father to fly in from China in a bid to learn where Mr. Xu lived and to persuade him to return to the country, prosecutors said. The officials enlisted Mr. McMahon to do surveillance during that trip in an effort to learn where Mr. Xu was living. The following year, Mr. Zheng was one of two people who left a threatening note on the front door of Mr. Xu’s home.

Persons: Arfa, “, Fox Hunt, Xu, Liu’s, Zhu, McMahon, Mr, Xu’s, Zheng Organizations: Fox, Prosecutors Locations: United States, New Jersey, Short Hills, N.J, China

☆ They Poured Their Savings Into Homes That Were Never Built
▼ + stars: | 2023-01-24 | by ( Isabelle Qian | Agnes Chang | ) www.nytimes.com time to read: +13 min

We talked to four people who emptied their life savings and took out huge loans for homes that have not been completed. “It was a simple dream — to have a home, a family,” Mr. Tang said. Mr. Tang, who works in a restaurant, sold a small place he had out in the countryside. “When I think about the unfinished apartment, it’s as if I’m falling from heaven to hell, ” Mr. Tang said. Homeowners atop one of the unfinished apartment towers call for construction to fully resume.

☆ DoorDash puts profit on the menu
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 30 (Reuters Breakingviews) - DoorDash (DASH.N) is taking the same route as its technological peers. Top-line growth, which has been the main course at DoorDash and elsewhere, will be relegated to a side dish. Costs also ballooned, however, and DoorDash accumulated a $3.2 billion deficit from operating losses as of Sept. 30. DoorDash has outpaced rival Uber Technologies (UBER.N), growing its U.S. market share to roughly 60%, per consumer data analyst Bloomberg Second Measure. The strong position should help Xu tweak the menu and serve up what investors are ordering.

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